Hartzog Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share.
-The book value per share at the end of Year 2 is closest to:
A)$6.60
B)$4.30
C)$3.80
D)$0.40

Question

Hartzog Corporation's most recent balance sheet and income statement appear below:   Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share.
-The book value per share at the end of Year 2 is closest to:
A)$6.60 
B)$4.30 
C)$3.80 
D)$0.40

Quizplus · Accepted Answer

Number of common shares outstanding = Common stock F1F1F1S1F1F1F10 Par value
= $400 F1F1F1S1F1F1F10 $2 per share = 200 shares
Book value per share = Common stockholders' equity
F1F1F1S1F1F1F10 Number of common shares outstanding = $760 F1F1F1S1F1F1F10 200 shares = $3.80 per share

Hartzog Corporation's Most Recent Balance Sheet and Income Statement Appear