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14. Book value and market value The Rockford Corporation has assets of $380,000, current liabilities of $40,000, and long-term liabilities of $70,000. There is $30,000
14. Book value and market value The Rockford Corporation has assets of $380,000, current liabilities of $40,000, and long-term liabilities of $70,000. There is $30,000 in preferred stock outstanding; 20,000 shares of common stock have been issued. a. Compute book value net worth per share. b. If there is $25,000 in earnings available to common stockholders and Rockford
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