The Bernard Company provided the following information from its financial records: $\begin{array}{lrlr}
\text {Net income } & \$ 250,000 & \text { Total stockholders equity } & \$1,000,000 \
\text { Common dividends } & \$ 15,000 & \text { Common shares outstanding, } & 150,000 \
& & 12 / 31 &\
\text { Preferred rights } &\$ 175,000
\end{array}$ What is the company's book value per share?
A) $0.50
B) $5.50
C) $6.67
D) $1.67

Question

The Bernard Company provided the following information from its financial records: $\begin{array}{lrlr}
\text {Net income } & \$ 250,000 & \text { Total stockholders equity } & \$1,000,000 \
\text { Common dividends } & \$ 15,000 & \text { Common shares outstanding, } & 150,000 \
& & 12 / 31 &\
\text { Preferred rights } &\$ 175,000 
\end{array}$  What is the company's book value per share?
A) $0.50
B) $5.50
C) $6.67
D) $1.67

Quizplus · Accepted Answer

The Answer of The Bernard Company provided the following information from its financial records: $\begin{array}{lrlr}
\text {Net income } & \$ 250,000 & \text { Total stockholders equity } & \$1,000,000 \
\text { Common dividends } & \$ 15,000 & \text { Common shares outstanding, } & 150,000 \
& & 12 / 31 &\
\text { Preferred rights } &\$ 175,000 
\end{array}$  What is the company's book value per share?
A) $0.50
B) $5.50
C) $6.67
D) $1.67

The Bernard Company Provided the Following Information from Its Financial