The Bernard Company provided the following information from its financial records: 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:  What is the company's book value per share?
A) $0.50 
B) $5.50 
C) $6.67 
D) $1.67

Quizplus · Accepted Answer

Book value per common share = (Stockholders' equity - Preferred rights) ÷ Outstanding common shares
Book value per common share = ($1,000,000 - $175,000) ÷ 150,000 = $825,000 ÷ 150,000 = $5.50 per share

The Bernard Company Provided the Following Information from Its Financial