Laroche Company's book value per share at the end of 20 × 6 was closest to:
A) $10.00.
B) $17.50.
C) $48.33.
D) $52.50.

Question

Quizplus · Accepted Answer

Book value per share is calculated by dividing the total shareholders' equity by the number of outstanding shares. 
Using the given information: 
Shareholders' equity at the end of 20 × 6 = $105,000 
Number of outstanding shares = 2,175 
Book value per share = $105,000/2,175 = $48.28 
The closest answer is C, $48.33.

Laroche Company's Book Value Per Share at the End of 20