The following data were gathered from the annual report of Desk Products. $\begin{array}{llcc}
\text { Market price per share } &\$30.00 \
\text { Number of common shares } &10,000\
\text { Preferred stock, 5\% $ \$ 100 $ par } &\$10,000\
\text { Common equity } &\$140,000\
\end{array}$

The book value per share is:
A)$30.00.
B)$15.00.
C)$14.00.
D)$13.75.
E)$13.50.

Question

The following data were gathered from the annual report of Desk Products. $\begin{array}{llcc}
  \text { Market price per share } &\$30.00  \
 \text { Number of common shares } &10,000\
 \text { Preferred stock, 5\% $ \$ 100 $ par } &\$10,000\
 \text { Common equity } &\$140,000\
\end{array}$

The book value per share is:
A)$30.00.
B)$15.00.
C)$14.00.
D)$13.75.
E)$13.50.

Quizplus · Accepted Answer

The Answer of The following data were gathered from the annual report of Desk Products. $\begin{array}{llcc}
  \text { Market price per share } &\$30.00  \
 \text { Number of common shares } &10,000\
 \text { Preferred stock, 5\% $ \$ 100 $ par } &\$10,000\
 \text { Common equity } &\$140,000\
\end{array}$

The book value per share is:
A)$30.00.
B)$15.00.
C)$14.00.
D)$13.75.
E)$13.50.

The Following Data Were Gathered from the Annual Report of Desk