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Determine the book value per share of Common Stock

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Question - At fiscal year-end, December 31, 2018, Somerset Corporation had total stockholders' equity of $3,300,000. On FY 2018 year end, Somerset Corporation had Common Stock account of $1,550,000 of $10 par value common stock and Preferred Stock account of $200,000 of $100 par value. There was no treasury stock. The preferred stock was noncumulative and had a call price of $101. Use this information to determine the book value per share of Common Stock as of end of the FY 2018?

Reference no: EM132564483

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