Problem-
Hoover Inc. has current assets of $350,000 and fixed 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). None of these
Additional Requirement-
The problem belongs to Accounting problem and it discusses about evaluation of book value or net worth of each share.