Pettijohn Inc.

The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

Refer to the data for Pettijohn Inc. What is the firm's book value per share?

	a.	$61.73
	b.	$64.98
	c.	$68.40
	d.	$75.60
	e.	$72.00

Balance Sheet (Millions of $ ). Assets 2016 Cash and securities \$ 1,554.0 Accounts receivable 9,660.0 Inventories 13,440.0 Total current assets $24,654.0 Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-termbondsTotalliabilitiesCommonstockRetainedearningsTotalcommonequityTotalliabilitiesandequity10,920.0$29,400.03,360.09,240.0$12,600.0$42,000.0 Income Statement (Millions of \$). 2016 Net sales $58,800.0 Operating costs except depr'n $55,274.0 Depreciation $1,029.0 Earnings bef int and taxes (EBIT) $2,497.0 Less interest 1,050.0 Earnings before taxes (EBT) \$ 1,447.0 Taxes $314.0 Net income $1,133.0 Other data: Shares outstanding (millions) 175.00 Common dividends $509.83 6.25% Int rate on notes payable \& L-T bonds Federal plus state income tax rate 21.7% Year-end stock price $77.69