A company has total assets of $2.5 million, total liabilities of $1.8 million, and $200,000 worth of

Question:

A company has total assets of $2.5 million, total liabilities of $1.8 million, and $200,000 worth of 8 percent preferred stock outstanding. What is the firm’s total book value? What would its book value per share be if the firm had 50,000 shares of outstanding? Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...