Question: Presented below are partial year-end financial statement data for companies A and B. Company A Company B Cash $100 $200 Accounts Receivable unknown 100 Inventories

Presented below are partial year-end financial statement data for companies A and B. Company A Company B Cash $100 $200 Accounts Receivable unknown 100 Inventories unknown 100 Net Fixed Assets 200 100 Accounts Payable 100 50 Long-Term Debt 200 50 Common Stock 100 200 Retained Earnings 150 100 Company A Company B Sales $600 $5,800 Cost of Goods Sold 300 5,000 Administrative Expenses 100 500 Depreciation Expense 100 100 Interest Expense 20 10 Income Tax Expense 40 95 Net Income 40 95 Question If Company A has 60 common shares outstanding, then it has a book value per share, to the nearest cent, of A. $5.00 B. $2.50 C. $1.67 D. $4.17

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