Answer
$2.67
Work Step by Step
The book value per share at the end of this year: Total stockholders’ equity ÷ Number of common shares outstanding = $\frac{320.000}{120.000}\approx2.67$
Managerial Accounting (15th Edition)
by Garrison, Ray; Noreen, Eric, Brewer, Peter
Published by
McGraw-Hill Education
ISBN 10:
007802563X
ISBN 13:
978-0-07802-563-1
Chapter 15 - Financial Statement Analysis - The Foundational 15 - Required - Page 698: 6
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