Fashions Inc’ s December 31, 2019 balance sheet showed total common equity of $4,000,000 and 290,000...

Fashions Inc’ s December 31, 2019 balance sheet showed total common equity of $4,000,000 and 290,000 shares of stock outstanding. During 2020, the firm had $450,000 of net income, and it paid out $150,000 as dividends. Assuming no common stock was either issued or retired during 2020.What was the book value per share at 12/31/20?

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jeff jeffy answered 2 years ago

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