Exercise 11-20 Book value per share LO A4

The equity section of Cyril Corporations balance sheet shows the following.

Preferred stock5% cumulative, $30 par value, 10,000 shares issued and outstanding	$	300,000
Common stock$10 par value, 50,000 shares issued and outstanding		500,000
Retained earnings		267,500
Total stockholders equity	$	1,067,500

Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears at the current date. 2. Three years of preferred dividends are in arrears at the current date.

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 three years of preferred dividends are in arrears. Book Value per Common Share Choose Numerator: Choose Denominator: Book Value per Common Share Stockholders' equity applicable to common shares 1 Number of common shares outstanding Book value per common share = 0