Reference no: EM132635571
Book value per share of common stock
The balance sheet of Wireless, Inc., reported the following:
Preferred stock, 9%, $20 par, 1,300 shares authorized, issued and outstanding = 00$2600
Common stock, no-par value, 12,000 shares authorized, 5,300 shares issued =0200,000
Retained earnings =0050,000
Total stockholders' equity =$276,000
Assume that wireless has paid preferred dividends for the current year and all prior years (no dividends in arrears).
Requirement
Problem 1: Compute the book value per share of the common stock.
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