1. Selected financial data for Irvington Company appear below:

Account Balances	Beginning of year	End of year
Preferred stock	$ 125,000	$ 125,000
Common stock	$ 300,000	$ 400,000
Retained earnings	$ 75,000	$ 185,000
Total share holders Equity	$ 500,000	$ 710,000

During the year, the company paid dividends of $10,000 on its preferred stock. The company's net income for the year was $120,000. The company's return on common stockholders' equity for the year is closest to: 

a. 17%. 

b. 19%. 

c. 23%. 

d. 25%. 

2.

 The following account balances have been provided for the end of the most recent year:

Total assets	$ 150,000
Total stockholders' equity	$ 120,000
Total common stock 5000 shares	$ 50,000
Total preferred stock (1,000 shares)	$ 10,000

The book value per share of common stock is: 

a. $22. 

b. $25. 

c. $20. 

d. $28. 

Account Balances Preferred stock Common stock Retained earning Total share holders Equity Beginning of yearEnd of year 125,000 125,000 300,000 400,000 75,000 185,000 500,000 710,000