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Question 13 3/3 pts The following information from St. Paul Supply, Inc. is provided for 2017 and 2016: 12/31/17 12/31/16 12% Cumulative preferred stock, $20

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Question 13 3/3 pts The following information from St. Paul Supply, Inc. is provided for 2017 and 2016: 12/31/17 12/31/16 12% Cumulative preferred stock, $20 par $200,000 $200,000 Common stock, $5 par 40.000 28,000 Additional paid-in capital - common 80,000 50,000 Retained earnings 500,000 500,000 Net income 60,000 40.000 Additional information: No preferred dividends are in arrears. The market price of the common stock was $25 at December 31, 2017. Calculate the book value per share of common stock at December 31, 2017. 77.5

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