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What is the book value per ordinary share

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Reference no: EM133186338

Question - Hoyt Company reported the following shareholders equity at year end:

5% cumulative preference share capital, par value

P100 per share: 25,000 shares issued and outstanding 2,500,000

Ordinary Share Capital , par value P35 per share

100,000 shares issued outstanding 3,500,000

Share Premium 1,250,000

Retained Earnings 3,000,000

Dividends in arrears on the preference share amounted to P250,000. If the entity were to be liquidate, the preference shareholders would receive par value plus a premium of P500,000. What is the book value per ordinary share?

Reference no: EM133186338

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