The following information is necessary to compute the net assets (stockholders equity) and book value per share of common stock for Rothchild Corporation. 8% cumulative preferred stock, $100 par $ 210,000 Common stock, $5 par, authorized 100,000 shares, issued 60,000 shares 300,000 Additional paid-in capital 470,000 Deficit (negative amount in retained earnings) 146,800 Dividends in arrears on preferred stock, 1 full year 16,800

a. Compute the amount of net assets (stockholders' equity).

b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.)

c. Is book value per share (answer to partb) the amount common stockholders should expect to receive if Rothchild Corporation were to cease operations and liquidate?