Goldsmith Corporation Has Provided the Following Data The Company's Net Income in Year 2 Was $24,400

Goldsmith Corporation has provided the following data: $\begin{array}{lcr}&\text { Year 2 } &{\text { Year 1 }} \\\text { Common stock, \$3 par value.}&\$ 270,000 & \$ 270,000 \\\text {Retained earnings }&\$ 419,000 & \$ 400,000 \\\text {Total stockholders' equity. }&\$ 749,000 & \$ 730,000 \\\text {Total liabilities \& stockholders' equity }&\$ 1,291,000 & \$ 1,270,000\end{array}$ The company's net income in Year 2 was $24,400. The company's book value per share at the end of Year 2 is closest to:

A) $8.32 per share
B) $4.66 per share
C) $14.34 per share
D) $0.27 per share

Correct Answer:

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