Copperhead, Inc., has the following stockholders€™ equity:

That company has passed its preferred dividends for three years including the current year. Compute the book value per share of the company€™s commonstock.

Transcribed Image Text:

Preferred stock, 1%, $12 par, 35,000 shares authorized and issued. Common stock, $8 par, 100,000 shares authorized 420,000 67,000 shares issued.. Additional paid-in capital.. Retained earnings Less treasury stock, common (1,400 shares at cost). Total stockholders' equity 536,000 2.140,000 1,800,000 (49,000) $4,847,000