Sperle Corporation Has Provided the Following Data Concerning Its Stockholders

question 240

Multiple Choice

Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.The company's book value per share at the end of Year 2 is closest to:

• A) $0.38 per share
• B) $8.18 per share
• C) $18.08 per share
• D) $13.93 per share

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Definitions:

Leisure

Time spent away from work and essential daily tasks, utilized for relaxation, recreation, or personal interest activities.

Leisure

Free time available for enjoyment and relaxation away from one's duties or work.

Consumption

The process by which goods and services are used and expended by individuals or businesses.

Nonlabor Income

Income received from sources other than employment or work, such as investments, pensions, or gifts.