Sheffield Corp. had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021 $ 10500 Net income for the year ended 2021 92600 Market price of stock, 12/31/20 8 Market price of stock, 12/31/21 10 Common stockholders’ equity, 12/31/20 1636000 Common stockholders’ equity, 12/31/21 1981000 Outstanding shares, 12/31/21 166000 Preferred dividends for the year ended 2021 15200 What is the book value per share for Sheffield Corp. for the year ended 2021?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 76E
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Sheffield Corp. had the following information in its financial statements for the years ended 2020 and 2021:

Cash dividends for the year 2021

$ 10500

Net income for the year ended 2021

92600

Market price of stock, 12/31/20

8

Market price of stock, 12/31/21

10

Common stockholders’ equity, 12/31/20

1636000

Common stockholders’ equity, 12/31/21

1981000

Outstanding shares, 12/31/21

166000

Preferred dividends for the year ended 2021

15200


What is the book value per share for Sheffield Corp. for the year ended 2021?

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