Rosa's is a small chain of Mexican food restaurants that features five delicious varieties of salsa. The business has grown over the past ten years from a hobby to a small corporation with 200,000 shares of common stock outstanding. The corporation has not issued any preferred stock. The following is Rosa's latest financial data:

-The book value of Rosa's is currently
A) $20,500,000.
B) $15,800,000.
C) $7,700,000.
D) $4,700,000.
Correct Answer:
Verified
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