Sabino Corporation\'s total common stock was $500,000 at the end of both Year 2

Question

Sabino Corporation's total common stock was $500,000 at the end of both Year 2 and Year 1. The par value of common stock is $5 per share. The company's total stockholders' equity at the end of Year 2 amounted to $1,125,000 and at the end of Year 1 to $1,090,000. The company's total liabilities and stockholders' equity at the end of Year 2 amounted to $1,581,000 and at the end of Year 1 to $1,540,000. The company's retained earnings at the end of Year 2 amounted to $545,000 and at the end of Year 1 to $510,000. The company's net income in Year 2 was $39,000. The company's book value per share at the end of Year 2 is closest to:$0.39 per share

$15.81 per share

$11.25 per share

$5.45 per share

Explanation / Answer

Deails Amount Total Stock Holders Equity 11,25,000.00 No of Shares=Total Stock/Par value per share     1,00,000.00 Book Value Per Share                 11.25

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