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fpsb
Jan 25, 2009, 01:26 PM
The balance sheet for Werner Company shows the folllowing:

Common Stock, $5 par value, 30,000 issued ....$150,000

Additional paid-in-capital in excess of par........$100,000

Retained Earnings.....................................$300,000

Treasury Stock (5,000 shares).............$50.000

Compute book value per share:

A. $20
B. $24.
C. $22.
D. $19


I think the answer is A, can someone verify for me?