14. Financial Statement Analysis
Ratios: Book Value per Share of Common Stock
Multiple Choice
Multiple ChoiceMoneyCo had sales revenue and net income during the current year of $500,000 and $60,000, respectively. The total amount of stockholders' equity was $600,000, and common shares outstanding were 120,000 all year. If the market price of the stock is $10, what is the book value per share of common stock?
A
$0.20
B
$0.50
C
$4.17
D
$5.00
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