Raphael Corporations common stock is currently selling on a stock exchange at $179 per share, and its current balance sheet shows the following stockholders equity section:

Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding	$	95,000
Common stock$___ par value, 4,000 shares authorized, issued, and outstanding		160,000
Retained earnings		380,000
Total stockholders' equity	$	635,000

Problem 11-5A Part 3

3. If no dividends are in arrears, what is the book value per share of common stock?

Book Value Per Common Share
Choose Numerator:	/	Choose Denominator:	=	Book Value Per Common Share
Stockholders' equity applicable to common shares	/	Number of common shares outstanding	=	Book value per common share
	/		=