Linzey Corporation Has Provided the Following Data The Company's Net Income in Year 2 Was $33,000

question 88

Multiple Choice

Linzey Corporation has provided the following data: $\begin{array}{ll}&\text { Year 2 } & \text { Year 1 } \\\text {Common stock, \( \$ 2 \) par value }&\$ 120,000 & \$ 120,000 \\\text {Retained earnings }&\$ 747,000 & \$ 720,000 \\\text {Total stockholders' equity }&\$ 927,000 & \$ 900,000\end{array}$ 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:

• A)$22.45 per share
• B)$12.45 per share
• C)$0.55 per share
• D)$15.45 per share

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