Question 13

Wiggins Company has 2,100 shares of $100 par preferred stock, which were issued at par. It also has 24,000 shares of common stock outstanding, and its total stockholders' equity equals $620,400. The book value per common share is:

Multiple Choice

• $23.77.

• $25.85.

• $17.10.

• $15.72.

• $100.00.

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:

Net income for the year was	$	58,500
Accounts payable decreased by		24,500
Accounts receivable increased by		31,500
Inventories increased by		11,500
Cash dividends paid were		15,300
Depreciation expense was		26,500

Net cash provided by operating activities was:

Multiple Choice

• $139,500.

• $75,200.

• $17,500.

• $50,500.

• $36,500.