Biology Forums - Study Force

Linzey Corporation has provided the following data:

	Year 2	Year 1
Common stock, $2 par value	$ 120,000	$ 120,000
Retained earnings	$ 747,000	$ 720,000
Total stockholders' equity	$ 927,000	$ 900,000

The company’s net income in Year 2 was $33,000. The company’s book value per share at the end of Year 2 is closest to:

▸ $22.45 per share

▸ $12.45 per share

▸ $0.55 per share

▸ $15.45 per share

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