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Market and book value per share

Superior Medical System's 2005 balance sheet showed total common equity of $2,050,000. The company had 100,000 shares of stock outstanding which sold at a price of $57.25 per share. By how much did the firm's market value and book value per share differ?

$36.75
$38.25
$39.50
$40.25
$51.00

Solution Preview

Superior Medical System's 2005 balance sheet showed total common equity of $2,050,000.  The company had 100,000 shares of stock outstanding which sold at a price of $57.25 per ...

Solution Summary

Calculates difference between market value and book value per share.

$2.19