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

Question

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The Answer of 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

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