The Bernard Company Provided the Following Information from Its Financial

Multiple Choice

The Bernard Company provided the following information from its financial records: $$\begin{array} { l l l l r } \text { Net income } & \$ 250,000 & \text { Total stockholders' equity } & \$ 1,000,000 \\\text { Common } & \$ 15,000 & \text { Comrnon shares outstarding, } & 150,000 \\\text { dividends } && 12 / 31 & \\\text { Preferred rights } & \$ 175,000 & &\end{array}$$ What is the company's book value per share?

A) $0.50
B) $5.50
C) $6.67
D) $1.67