Question
Book Value for Preferred and Common Stock The stockholders equity section of Bianca Corporations balance sheet follows. Assuming one year's dividend in arrears, determine the
Book Value for Preferred and Common Stock
The stockholders equity section of Bianca Corporations balance sheet follows. Assuming one year's dividend in arrears, determine the book value per share for both the preferred and the common stock. (Round to the nearest cent.)
Contributed capital:
Preferred stock, $100 per share, callable at $105, 6 percent cumulative, 10,000 shares authorized,
200 shares issued and outstanding----------$20,000
Common stock, $5 par value, 100,000 shares authorized, 10,000 shares issued,
9,000 shares outstanding-----------------------$50,000
Additional paid-in capital----------------------------$28,000
Total contributed capital-----------------------------$98,000
Retained earnings-------------------------------------$95,000
Total contributed capital and retained earnings---$193,000
Less treasury stock, common (1,000 shares at cost)------$15,000
Total stockholders equity------------------------$178,000
Please provide the formula for the ratio and the numbers you inputted so I can learn what to do next time
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