S10-15. (Learning Objective 5: Computing book value per share) Fools Gold, Inc., has the following shareholders’ equity:

The company has passed its preference dividends for three years including the current year.
Compute the book value per share of the company’s ordinary shares.

Preference share, 4%, $5 par, 34,000 shares authorized and issued...... Ordinary share, $2 par, 100,000 shares authorized 64,000 shares issued.... Additional paid-in capital.. Retained earnings. Less treasury share, ordinary share (1,400 shares at cost) Total shareholders' equity. $ 198,000 128,000 2,170,000 1,700,000 (45,000) $4,151,000