The Bernard Company Provided the Following Information from Its Financial

The Bernard Company provided the following information from its financial records: $\begin{array}{lrlr}\text {Net income } & \$ 290,000 & \text { Total stockholders equity } & \$ 890,000 \\\text { Common dividends } & \$ 19,000 & \text { Common shares outstanding, } & 129,000 \\& & 12 / 31 &\\\text { Preferred rights } &\$ 240,000 \end{array}$ What is the company's book value per share?

A) $2.25
B) $6.90
C) $5.04
D) $2.10

Correct Answer:

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