33. Layne Corporation had the following information in its nancial st
years ended 2014 and 2015:
Cash dividends for the year 2015 $ 10,000
Net income for the year ended 2015 83,000
Market price of stock, 12/31/14 10
Market price of stock, 12/31/15 12
Common stockholders' equity, 12/31/14 1,600,000
Common stockholders' equity, 12/31/15 1,785,600
Outstanding shares, 12/31/15 180,000
Preferred dividends for the year ended 2015 15,000
What is the book value per share for Layne Corporation for the year ended 2015?
a. $11.00
b. $9.92
c. $9.94
d. $8.89