Problem #41 Book Value per Share Lusterio Corporation's ordinary share is currently selling on a stock exchange at P170 per share, and a recent statement of financial position showed the following information: Shareholders' Equity Preference Shares, 5%, P? par value, 1,000 shares authorized, issued and outstanding P100,000 Ordinary Shares, P? par value, 4,000 shares authorized, issued and outstanding 160,000 Retained Earnings 300,000 Total Shareholders' Equity P560,000 Required: 1. What is the market value of the ordinary shares? 2. What are the par values of the preference shares and ordinary shares? 3. If no dividends are in arrears, what are the book values per share of the preference and ordinary shares? 4. If two years' preference dividends are in arrears, what are the book values per share of the preference and ordinary shares? 5. If two years' preference dividends are in arrears and the preference shares has a liquidation value of P110 per share, what are the book values per share of the preference and ordinary shares