Answer (C) is correct . The book value per share for Company A equals the sum of common stock and retained earnings, divided by the number of shares, or $4.17 [($100 + $150) ¡Â 60].Answer (A) is incorrect because The amount of $1.67 results if retained earnings is omitted from the numerator.
Answer (B) is incorrect because The amount of $2.50 results if common stock is omitted from the numerator.
Answer (D) is incorrect because The amount of $5.00 is the book value per share for Company B.
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If Company A has 60 common shares outstanding, then it has a book value per share, to the nearest cent, of
