What would book per share be at the end of year

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Question: Marcus Nurseries Inc's 2005 balance sheet showed total common equity of $2, 050,000, which included $1, 750,000 of retained earnings. The company had 100,000 shares of stock outstanding which sold at a price of $57.25 per share. If the firm had net income of $250,000 in 2006 and paid out $100,000 as dividends, what would its book per share be at the end of 2006, assuming that it netither issued nor retired any common stock?

Reference no: EM131993472

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