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Precious Metal, Inc., has the following stockholders' equity EE: (Click the icon to view the data.) The company has not paid any preferred dividends for
Precious Metal, Inc., has the following stockholders' equity EE: (Click the icon to view the data.) The company has not paid any preferred dividends for three years, including the current year. Calculate the book value per share of the company's common stock. Book value per share of common stock is calculated as [(Total stockholders' equity / Preferred equity) / Number of common shares outstanding] (Abbreviations used: BV = Book value. CS = Common Stock Round the book value per share to the nearest cent) Total stockholders' equity Preferred equity )/ Shares of CS outstanding = BV per share of CS )/ 1 Data Table Preferred stock. 5%, $12 par, 32.000 shares authorized and issued $ 384.000 Common stock. $9 par. 100.000 shares authorized. 64.000 shares issued Additional paid-in capital-Common 2.130.000 Print Done - X Data Table 64.000 shares issued 576.000 2.130.000 Additional paid-in capital-Common Retained earnings 1.100.000 Less treasury stock common (1.200 shares at cost) Total stockholders equity Print Done
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