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
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 $ 190,000 Common stock, $5 par, authorized 100,000 shares, issued 60,000 shares 300,000 Additional paidin capital 540,000 Deficit (negative amount in retained earnings) 146,800 Dividends in arrears on preferred stock, 1 full year 15,200 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.) a. Amount of net assets b. Book value per share
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