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
$
200,000
Common stock, $5 par, authorized 100,000 shares, issued 60,000 shares
300,000
Additional paid-in capital
452,800
Deficit (negative amount in retained earnings)
146,800
Dividends in arrears on preferred stock, 1 full year
16,000
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a.
Compute the amount of net assets (stockholders' equity). (Omit the "$" sign in your response.)
Amount of net assets
$
b.
Compute the book value per share of common stock. (Round your answer to two decimal places. Omit the "$" sign in your response.)
Book value per share
$
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