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?
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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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 |
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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