Financial statements for Larkins Company appear below:

Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.

-Larkins Company's book value per share at the end of Year 2 was closest to:
A) $10.00
B) $23.33
C) $70.00
D) $76.67

Question

Financial statements for Larkins Company appear below:

Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.

-Larkins Company's book value per share at the end of Year 2 was closest to:
A) $10.00 
B) $23.33 
C) $70.00 
D) $76.67

Quizplus · Accepted Answer

The Answer of Financial statements for Larkins Company appear below:

Dividends during Year 2 totaled $135 thousand, of which $12 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.

-Larkins Company's book value per share at the end of Year 2 was closest to:
A) $10.00 
B) $23.33 
C) $70.00 
D) $76.67

Financial Statements for Larkins Company Appear Below