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. The following data were gathered from the annual report of OAR, Inc. Market price per...

. The following data were gathered from the annual report of OAR, Inc.

Market price per share

$  48.00

Number of common shares

15,000

Preferred stock, 4% $100 par

$ 10,000

Total Stockholders’ Equity

$255,000

I. The book value per share is:

a.

$5.30

b.

$16.33

c.

$17.00

d.

$24.50

e.

$15.50
    1. II._____T or F   Book value per share differs from market price per share. Market value measures the future potential of the firm and book value is based on historical values and financial reporting concepts reported in the income statement.
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