C.

The following information was taken from last year's financial statements
D Industries :
Current liabilities 60,000
Long-term liabilities 180,000
Preferred stocks 50,000
Number of common shares outstanding 10,000

The company has a debt-to-equity ratio of .96 to 1 as at the end of last year .
What was the book value per share at the end of last year ?

SOLUTION:
Debt to equity Ratio= Total Liabilities EVPS= Total Equity-Preferred Equity
Total Stockholders Equity Total shares outstanding
0.96= (60,000.00+180,000.00) EVPS= 250,000.00- 50,000.00
1= TSHE 10,000.00
0.96TSHE= 240,000.00 EVPS= 2
T.Stockholders Equity= 250,000.00