.Book value per share Big Surf Shop provided the following information from its 2015 financial statements Total Assets Total Liabilities $655,000 225,000 In addition, the stockholders' equity section of the balance sheet showed: Preferred stock, 10%, $2 par value, 10,000 authorized, 8,000 issued and outstanding, $5 liquidation value $16,000 40,000 Common stock, $4 par value, 20,000 shares authorized, 10,000 issued and outstanding The common stock had a year-end market price of $24 REQUIRED A) Calculate the book value per common share at year-end B) Indicate the usefulness of this ratio for Big Surf Shop