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The balance sheet for Lauren Inc. shows the following: total paid-in capital and retained earnings $850,000,...

The balance sheet for Lauren Inc. shows the following: total paid-in capital and retained earnings $850,000, total stockholders’ equity $819,000, common stock issued 41,000 shares, and common stock outstanding 35,000 shares.

Compute the book value per share. (No preferred stock is outstanding.) (Round answer to 2 decimal places, e.g. 15.25.)

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Answer #1
Book value per share = Total stockholders’ equity/Common stock outstanding = 819000/35000= 23.4
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