Business, 22.12.2020 01:20, diamondscott9297

Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 265,000 shares of stock outstanding. During 2016, the firm had $450,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/16, assuming no common stock was either issued or retired during 2016?

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Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 2...