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Given below are comparative balance sheets and an income statement for Namekagon Corporation.

-Namekagon Corporation's book value per share for 2018 is:
A)$7.32.
B)$10.58.
C)$21.16.
D)$3.14.

Question

[The following information applies to the questions displayed below.]
Given below are comparative balance sheets and an income statement for Namekagon Corporation.
 
-Namekagon Corporation's book value per share for 2018 is:
A)$7.32. 
B)$10.58. 
C)$21.16. 
D)$3.14.

Quizplus · Accepted Answer

The book value per share is calculated by dividing the total stockholders' equity by the number of shares outstanding. For Namekagon Corporation, the total stockholders' equity is $73,200,000 and the number of shares outstanding is 10,000,000. Therefore, the book value per share is $7.32.

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