Current Attempt in Progress At December 31. Cheyenne Corp. has total stockholders' equity of $3,200,000. Included in this total are preferred stock $458,000 and paid-in capital in excess of par-preferred stock $48,600. There are 9,800 shares of $50 par value, 8% cumulative preferred stock outstanding. At year-end, 189,000 shares of common stock are outstanding. Compute the book value per share of common stock under each of the following assumptions. (Round answers to 2 decimal places, eg 15.25) (a) (b) There are no preferred dividends in arrears, and the preferred stock does not have a call price. Preferred dividends are one year in arrears, and the preferred stock has a call price of $60 per share. Book value per share $ (a) (b)
Current Attempt in Progress At December 31. Cheyenne Corp. has total stockholders' equity of $3,200,000. Included in this total are preferred stock $458,000 and paid-in capital in excess of par-preferred stock $48,600. There are 9,800 shares of $50 par value, 8% cumulative preferred stock outstanding. At year-end, 189,000 shares of common stock are outstanding. Compute the book value per share of common stock under each of the following assumptions. (Round answers to 2 decimal places, eg 15.25) (a) (b) There are no preferred dividends in arrears, and the preferred stock does not have a call price. Preferred dividends are one year in arrears, and the preferred stock has a call price of $60 per share. Book value per share $ (a) (b)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Current Attempt in Progress
At December 31. Cheyenne Corp, has total stockholders' equity of $3,200,000. Included in this total are preferred stock $458,000 and
paid-in capital in excess of par-preferred stock $48,600. There are 9,800 shares of $50 par value, 8% cumulative preferred stock
outstanding. At year-end, 189,000 shares of common stock are outstanding.
Compute the book value per share of common stock under each of the following assumptions. (Round answers to 2 decimal places, eg
15.25)
(a)
There are no preferred dividends in arrears, and the preferred stock does not have a call price.
(b) Preferred dividends are one year in arrears, and the preferred stock has a call price of $60 per share.
Book value per share $
(a)
(b)
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