Brown Fashions Inc.'s December 31,2014,balance sheet showed total common equity of $4,050,000 and 200,000 shares of stock outstanding.During 2014,the firm had $450,000 of net income,and it paid out $100,000 as dividends.What was the book value per share at 12/31/14,assuming no common stock was either issued or retired during 2014?

Question

Quizplus · Accepted Answer

The Answer of Brown Fashions Inc.'s December 31,2014,balance sheet showed total common equity of $4,050,000 and 200,000 shares of stock outstanding.During 2014,the firm had $450,000 of net income,and it paid out $100,000 as dividends.What was the book value per share at 12/31/14,assuming no common stock was either issued or retired during 2014?