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What is the book value per ordinary share

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Reference no: EM132538899

Retro Company reported the following shareholders' equity on December 31, 2019:

12% Preference share capital, 20,000 shares, P100 par value 2,000,000

14% preference share capital, 10,000 shares, P300 par value 3,000,000

Ordinary share capital, 50,000 shares, P100 par value 5,000,000

Retained earnings 2,240,000

Share premium 1,500,000

The 12% preference share is cumulative and fully participating. The 14% preference share is noncumulative and fully participating. Dividends have not been paid for 3 years.

Question 1: What is the book value per ordinary share?

a. 132

b. 126

c. 100

d. 112

Reference no: EM132538899

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