Westlake Industries Has Total Assets of $42

question 38

Multiple Choice

Westlake Industries has total assets of $42.5 million, total debt of $29.3 million, and $2.4 million of 6% preferred stock outstanding.If the company has 250,000 shares of common stock outstanding, its book value per share would be

• A)$32.33.
• B)$33.60.
• C)$43.20.
• D)$52.80.

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