Del Valle Company provided the following shareholders’ equity on December 31, 2021:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Del Valle Company provided the following shareholders’ equity on December 31, 2021:

 

Preference share capital, 10% P50 par (cumulative and nonparticipating) 1,000,000

Preference share capital, 8% P50 par (noncumulative and participating) 1,500,000

Ordinary share capital, P100                                                             2,500,000

Share premium                                                                                     500,000

Retained earnings                                                                                600,000

 

Dividends have been paid on the preference share up to December 31, 2018.

compute the book value per ordinary share

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