The shareholders' equity section of the balance sheet for Vivitas Stevia Corporation is shown below:

Share capital:

Preferred shares, 10,000 shares authorized,

7,000 shares issued of $3.50 preferred $350,000

Common shares, 50,000 shares authorized,

18,000 shares issued 180,000

Total share capital $530,000

Retained earnings 300,000

Total share capital $830,000

Assume there are 2 years' dividends in arrears on the preferred shares, including the current year. The book value per share for Vivitas Stevia common shares is:

Question 7 options:

	D) $26.67
	A) $23.94
	B) $22.58
	C) $26.47