Assignment $3$ Partnerships and Corporations$/$EPS

Table $4$

The shareholders' equity section of the balance sheet of Tarkeel

Corporation follows:

Capital stock:

Preferred stock, cumulative, $$3\mathrm{.}50.$

t$.000$ shares outstanding. redemption value $$56$ per share

Cornon stock, $20,000$ phare

Retained earnings $$210,000$

$,397,500$

stock, including the current year. in arrears on the preferred stock, including the current year.

Refer to Table $4.$ The book value per share for preferred stock is:

$$57\mathrm{.}00$

$$56\mathrm{.}00$

$$63\mathrm{.}00$

$$59\mathrm{.}50$