1. Rider Inc.'s December 31, 2017 balance sheet showed total common equity of $6,050,000 and 200,000...

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1. Rider Inc.'s December 31, 2017 balance sheet showed total common equity of $6,050,000 and 200,000 shares of stock outstanding. During 2018, the firm had $450,000 of net income, and it. paid out $200,000 as dividends. What was the book value per share at 12/31/18, assuming no common stock was either issued or retired during 2018? (Round your final answer to two decimal places.) 1. Rider Inc.'s December 31, 2017 balance sheet showed total common equity of $6,050,000 and 200,000 shares of stock outstanding. During 2018, the firm had $450,000 of net income, and it. paid out $200,000 as dividends. What was the book value per share at 12/31/18, assuming no common stock was either issued or retired during 2018? (Round your final answer to two decimal places.)

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The book value per share is calculated by dividing the total common equity by the number of shares o... View the full answer