At December 31, Penny Corporation has total stockholders' equity of $5,500,000. There are no shares of preferred stock outstanding.

At December 31, Penny Corporation has total stockholders’ equity of $5,500,000. There are no shares of preferred stock outstanding.At year-end, 250,000 shares of common stock are outstanding and 20,000 shares are in treasury.InstructionsCompute the book value per share of common stock. (Round answer to 2 decimal places.)$

At December 31, Penny Corporation has total stockholders’ equity of $5,500,000. There are no sharesof preferred stock outstanding. At year-end, 250,000 shares of common stock are outstanding...