Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years. The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share.The company's book value per share at the end of the year is closest to:
A. $7.37 per share
B. $16.81 per share
C. $0.19 per share
D. $11.37 per share
Answer: D
You might also like to view...
An HRM audit is a formal review of the outcomes of HRM functions.
Answer the following statement true (T) or false (F)
According to Hofstede, people typically show less emotion during interactions and are more contemplative in cultures with high uncertainty avoidance
Indicate whether the statement is true or false
?Zero-coupon bonds are bonds
A. ?on which no interest is paid. B. ?on which the interest is not paid until the maturity date. C. ?on which no interest expense accrues until the maturity date. D. ?which have no detachable coupon warrants.
According to the text, a ________ denotes the true value that would be obtained if a census, rather than a sample, were undertaken
A) standard deviation B) statistical inference C) normal distribution D) parameter E) standard normal