The Bernard Company Provided the Following Information from Its Financial

The Bernard Company provided the following information from its financial records: $\begin{array}{lrlr}\text {Net income } & \$ 250,000 & \text { Total stockholders equity } & \$1,000,000 \\\text { Common dividends } & \$ 15,000 & \text { Common shares outstanding, } & 150,000 \\& & 12 / 31 &\\\text { Preferred rights } &\$ 175,000 \end{array}$ What is the company's book value per share?

A) $0.50
B) $5.50
C) $6.67
D) $1.67

Correct Answer:

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