Please explain

Cracker Company Balance Sheet December 31, 2013 Assets Liabilities Current Assets: Current Liabilities: Cash $ 100 Accounts Payable Accounts Receivable $ 500 Wages Payable Inventory $1,000 Warranty Payable Total Current Assets $1,600 Total Current Liabilities Operating Assets $1,000 Longterm Liabilities Total Liabilities Other Assets | $ 400 Stockholders' Equity: Total Assets $3,000 Common Stock 1,000 shares issued and outstanding Additional Paid In Capital Common Stock Total SE Liabilities and Total SE $ 500 $ 150 $ 150 $ 800 $ 300 $1100 $ 900 $1,900 $3,000 The Book Value per share of common stock would be: a. $3.00 b. $1.90 c. $1.60 d. $1.10