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At December 31

Accounting

At December 31. the stockholders' equity section shows: Common stock. $5 par value; 1.320,000 shares issued and 1,200,000 shares outstanding  $6,600,000 Additional paid-in capital  1,400.030 Retained earnings  500,000 Treasury stock, (120,000 shares)  =SOL Total stockholders' equity $7,800,000 The book value per share of common stock is a. 55.91. b. $6.50. stockholders equity of cs I outstanding shares of common stock 78030001121:0.000 share c 57 08 :I. $6.44. 
 

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Computation of Book Value per Share of Common Stock:  
Common stock 6600000
Additional paid-in capital 1400000
Retained earnings 500000
Total Equity 8500000
No. of Equity share outstanding 1200000
   
Book Value per share 7.08

 

So, the correct option is C "$7.08".