Corporation B Had Sales Revenue Last Year of $20 Million

question 139

Short Answer

Corporation B had sales revenue last year of $20 million, operating expenses of $16 million, and net profit of $4 million. There are 2 million shares of stock oustanding. What is the par value of the company's stock?
$5
$4.83
$4
$10
The par value cannot be determined with the information given.

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Definitions:

Brown v. Board of Education

A landmark United States Supreme Court case from 1954 that declared state laws establishing separate public schools for black and white students to be unconstitutional.

Educational Facilities

Buildings and environments, including schools, colleges, universities, and training centers, specifically designed for teaching and learning purposes.

Public Educational Facilities

Institutions funded and managed by the government that provide instruction to students without charge.