At Year End, Tangshan China Company Balance Sheet Showed Total

Multiple Choice

At year end, Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding. Based on this information, Tangshan's book value per share of common stock is ________.

A) $105.00
B) $10.50
C) $15.00
D) $150.00