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The common stock of KRJ Enterprises is currently selling for $32.28 per share. Last year the...

The common stock of KRJ Enterprises is currently selling for $32.28 per share. Last year the company reported total earnings of $366 million and there were 200 million shares of common stock outstanding. The common stock account is valued at $36 million, additional paid-in capital is $60 million, and retained earnings is $317 million. What was the company's book value per share? Present your answer to two decimal places (e.g., $20.00.) Please show all steps.

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Answer #1
Book value per share Book value of equity/No of shares outstanding
Calculation of book value of equity
Book value of equity Common stock + Additional paid in capital + Retained earnings
Book value of equity 36+60+317
Book value of equity 413 million
Book value per share 413/200
Book value per share $2.07
Thus, book value per share is $2.07
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