At the end of 20B, Storage Company reported outstanding common stock (par $20) of $300,000. Total liabilities were $440,000 and total assets were $860,000. The company had no preferred stock. The book value per share of common stock was:
a. $29.00.
b. $13.90.
c. $28.00.
d. $14.00.
e. None of the above is correct.