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
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