SIE Exam Question 125: Answer and Explanation

Question: 125

Net profit after taxes:$18,000Stockholder's Equity:$170,000
Total revenues:$615,000Preferred dividends:$5,000
Total assets:$340,000Number of common shares outstanding:3,800
Current assets:$280,000Current liabilities:$85,000
Earnings per share:$4.75Market price:$49.50

What is the book value per share?

  • A. $10.42
  • B. $29.58
  • C. $44.74
  • D. $46.10

Correct Answer: B

Explanation:

The book value per share is $43.42.

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