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How to compute the book value per share

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Reference no: EM132540053

The balance sheet for Cheyenne Corp. shows the following: total paid-in capital and retained earnings $850,000, total stockholders' equity $802,000, common stock issued 50,000 shares, and common stock outstanding 40,000 shares.

Question 1: Compute the book value per share. (No preferred stock is outstanding.) (Round answer to 2 decimal places, e.g. 15.25.)

Reference no: EM132540053

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