Recent financial statements for Madison Company follow Madison Company Balance Sheet June 30 Assets Current assets: Cash Merchandise inventory Accounts receivable, net Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity) Liabilities: Current liabilities Bonds payable, 10% Total abilities $ 21,000 160,000 300,000 9,000 490,000 810,000 $1,300,000 $ 200,000 300,000 500,000 Stockholders' equity Common stack, $5 par value Retained earnings $100,000 700,000 Total stockholders' equity Total liabilities and stockholders' equity Mallsin Company Income Statement For the Year Sales Ended June 3 Cast of goods sold Gross margin Selling and adeinistrative expenses Net operating Income Interest expense Bet Income before taxes Income taxes Net Income $2,100,000 3,360,000 040,000 660,000 180,000 30,000 150,000 451 $ 105,000 800,000 $1,300,000 Account balances at the beginning of the company's fiscal year were: accounts receivable, $140,000, and inventory, $260,000. All sales were on account Required: Compute financial ratios as follows 1. Book value per share. (Omit the "$" sign in your response)