Exercise 11-16 Book value per share LO A4 The equity section of Cyril Corporation's balance sheet shows the following: Preferred stock-58 cumulative, $25 par value, 10,000 shares issued and outstanding Common stock-$10 par value, 40,000 shares issued and outstanding Retained earnings Total stockholders' equity 250,000 400,000 267,500 $ 917,500 This year's dividends on preferred stdck have been paid. Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears. 2. Three years of preferred dividends are in arrears. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the book value per share of the preferred and common stock for no preferred dividends are in arrears. Book Value per Common Share Book Value per Common Share Choose Numerator Choose Denominator: Number of common shares outstanding Book value per common share Stockholders' equity applicable to common shares 0 quird 1 Required 2 >