The equity section of Cyril Corporations balance sheet shows the following:

Preferred stock6% cumulative, $25 par value, 10,000 shares issued and outstanding	$	250,000
Common stock$10 par value, 40,000 shares issued and outstanding		400,000
Retained earnings		267,500
Total stockholders equity	$	917,500

This year's dividends on preferred stock have been paid. Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears. 2. Three years of preferred dividends are in arrears.

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the book value per share of the preferred and common stock for no preferred dividends are in arrears. Book Value per Common Share Choose Denominator: Choose Numerator: Choos = Book Value per Common Share Book value per common share Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the book value per share of the preferred and common stock for three years of preferred dividends are in arrears. Book Value per Common Share Choose Denominator: Choose Numerator: = Book Value per Common Share Book value per common share ( Required 1 Required 2 >