Information on Shareholder's Equity as Currently Shown on the Books

question 44

Essay

Information on shareholder's equity as currently shown on the books of the Eaton Corporation is given as:
$\begin{array}{lr}\text { Common shares (\$2.00 par value }) & \$ 350,000 \\\text { Capital in Excess of Par } & 0 \\\text { Retained Earnings } & \mathbf{7 , 8 0 0 , 0 0 0}\end{array}$

-From this information, calculate Eaton's book value per share.

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