Book value per preferred & common share

The stockholders' equity section of a corporation's balance sheet which is attached follows.

1. Assuming that the preferred stock is not callable and no dividends are in arrears, compute the book values per preferred share and per common share.

Book value per preferred share _________________
Book value per common share ___________________

2. Assuming that the preferred stock has a call price of $30 per share and one year of cumulative preferred dividends is in arrears, compute the book values per preferred share and per common share.

Book value per preferred share _________________
Book value per common share __________________

Attachments

Solution Summary

The solution computes book value per preferred and common share in given scenario.