QUESTION 17 Data from Baca Corporations most recent balance

QUESTION 17 Data from Baca Corporation\'s most recent balance sheet appear below Prefenred stock Common stock Additional paid-in capital-common stock. Retained earnings Total stockholders\" equity 100,000 360,000 A total of 400,000 shares of common stook and 20.000 shares of preferred stock were outstanding at the end of the year. The book value per share is closest to. O $3.35 ?$1.90 ?$360

Solution

Book value per share:

= Book value of equity/Shares outstanding

= ($400,000+$360,000+$580,000)/400,000

= $1,340,000/400,000

= $3.35