Simple corporation has the following assets, liabilities, and equity accounts: book value market value cash $4,200 $4,200 accounts receivable $7,800 $7,600 inventory $22,000 $28,000 equipment $190,000 $172,200 accounts payable $12,000 $12,000 notes payable $140,000 $140,000 common stock, 4,000 shares issued and outstanding $25,000 retained earnings $47,000 what is the book value of a share of simple stock?

The book value of a share of Simple stock is $18 per share

Explanation:

The computation of the book value of a share is shown below

Book value per share = (Total equity) ÷ (number of shares)

where,

Total equity = Total issued shares value + retained earnings

                    = $25,000 + $47,000

                    = $72,000

And, the number of shares is 4,000 shares

Now put these values to the above formula

So, the value would be equal to

=  $72,000 ÷ 4,000 shares

= $18 per share

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