Hoover Inc

Multiple Choice

Hoover Inc. has current assets of $350,000 and fixed plant assets of $650,000. Current liabilities are $100,000 and long-term liabilities are $250,000. There is $120,000 in preferred stock outstanding and the firm has issued 10,000 shares of common stock. Compute book value (net worth) per share

A) $84.00.
B) $53.00.
C) $75.00.
D) $65.00.