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The balance sheet of Pharsalus Sports Corp reported the following Cumulative preferred shares 300 shares issued and outstanding liquidation value $24,000 Common shares: 25,000
The balance sheet of Pharsalus Sports Corp reported the following Cumulative preferred shares 300 shares issued and outstanding liquidation value $24,000 Common shares: 25,000 shares issued and outstanding Retained earnings was $125,000 $ 24,000 193.000 Compute the book value per share of the prefered shares and the common shares, assuming that four years of preferred dividends Oncluding dividends for the rument year) are in areas Assume he preferred shares a cumulative and their dividend rate is $10.50 per share (Round your answer to the nearest cent.) Book value per share of preferred shares Book value per share of common shares
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