Acme Widget,Inc

Multiple Choice

Acme Widget,Inc.has 1,000 shareholders who own a total of two million shares of its common stock.The company earned $20 million after taxes and paid out $8 million in dividends.The company has assets of $250 million and liabilities of $50 million.What is the book value per share?

A) $2
B) $8
C) $20
D) $100
E) $250