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PROBLEM 30-3 Book Value per Share Data relating to the shareholders' equity of Martin Co. during December 31, 2016 are as follows: 8% Preference share, P100 par, 40,000 shares 4,000,000 Ordinary share, P40 par, 26,000 shares issued 1,040,000 Treasury ordinary shares (1,000 shares at cost) (70,000) Retained earnings 7,000,000 Total shareholders' equity 11,970,000 Dividends are in arrears for four years. Questions: Based on the above data, answer the following independent cases: Case No. 1: Assuming the preference shares are cumulative. 1. How much is the book value per preference share? a. P132.50 c. P108.00 d. P259.40 b. P132.00 2. How much is the book value per ordinary share? a. P306.00 b. P63.76 Case No. 2: Assuming the preference shares are cumulative with liquidation per share. 3. How much is the book value per preference share? a. P132.50 c. P267.60 d. P266,80 value of P105 b. P137.00 c. P108.00 d. P259.40 1265 a. a. 4. How much is the book value per ordinary share? P306.00 c. P267.60 b. P259.60 d. P266.80 Case No. 3: Assuming the preference shares are noncumulative. 5. How much is the book value per preference share? P132.50 c. P108.00 b. P132.00 d. P259.40 6. How much is the book value per ordinary share? a. P306.00 c. P267.60 b. P63.76 d. P266.80 Case No. 4: Assuming the preference shares are participating. 7. How much is the book value per preference share? P132.50 c. P259.40 b. P132.00 d. P239.40 8. How much is the book value per ordinary share? P306.00 c. P267.60 b. P63.76 d. P95.76 a. a