Exercise 11.8 (Static) Computing Book Value (LO11-4, LO11-5, LO11-6, LO11-7) The following information is necessary to compute the net assets (stockholders equity) and book value per share of common stock for Rothchild Corporation. 8% cumulative preferred stock, 5100 par Common stock, $5 par, authorized 100,000 shares, issued 60,000 shares Additional paid-in capital Deficit (negative amount in retained earnings) Dividends in arrears on preferred stock, 1 full year a. Compute the amount of net assets (stockholders' equity). b. Compute the book value per share of common stock (Round your answer to 2 decimal places.) $ 200,000 300,000 460,000 146,800 16,000 c. Is book value per share (answer to part b) the amount common stockholders should expect to receive if Rothchild Corporation were to cease operations and liquidate? a Amount of net assets b Book value per share C Is book value per share the amount common stockholders should expect to receive? No