Reference no: EM132636368

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.