Hoover Inc

question 101

Multiple Choice

Hoover Inc. has current assets of $350,000 and fixed plant assets of $650,000. Current liabilities are $100,000 and long-term liabilities are $250,000. There is $120,000 in preferred stock outstanding and the firm has issued 10,000 shares of common stock. Compute book value (net worth) per share

• A) $84.00.
• B) $53.00.
• C) $75.00.
• D) $65.00.

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