Compute the book value per share of the common stock, assuming the preferred stock has a call price of $114 per share. (Round answer to 2 decimal places, e.g. 10.50.) Book value per share of the common stock $ 5.34 The following stockholders' equity accounts arranged alphabetically are in the ledger of Swifty Corporation at December 31, 2022. Common Stock ($10 stated value) $1,540,000 Paid-in Capital from Treasury Stock 5,500 Paid-in Capital in Excess of Par-Preferred Stock 40,300 Paid-in Capital in Excess of Stated Value-Common Stock 743,000 Preferred Stock (8%, $100 par, noncumulative) 360,000 Retained Earnings 708,000 Treasury Stock-Common (8,500 shares) 110,500
Compute the book value per share of the common stock, assuming the preferred stock has a call price of $114 per share. (Round answer to 2 decimal places, e.g. 10.50.) Book value per share of the common stock $ 5.34 The following stockholders' equity accounts arranged alphabetically are in the ledger of Swifty Corporation at December 31, 2022. Common Stock ($10 stated value) $1,540,000 Paid-in Capital from Treasury Stock 5,500 Paid-in Capital in Excess of Par-Preferred Stock 40,300 Paid-in Capital in Excess of Stated Value-Common Stock 743,000 Preferred Stock (8%, $100 par, noncumulative) 360,000 Retained Earnings 708,000 Treasury Stock-Common (8,500 shares) 110,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Compute the book value per share of the common stock, assuming the preferred stock has a call price of $114 per share. (Round answer to 2 decimal places, e.g.
10.50.)
Book value per share of the common stock
$
5.34
Transcribed Image Text:The following stockholders' equity accounts arranged alphabetically are in the ledger of Swifty Corporation at December 31, 2022.
Common Stock ($10 stated value)
$1,540,000
Paid-in Capital from Treasury Stock
5,500
Paid-in Capital in Excess of Par-Preferred Stock
40,300
Paid-in Capital in Excess of Stated Value-Common Stock
743,000
Preferred Stock (8%, $100 par, noncumulative)
360,000
Retained Earnings
708,000
Treasury Stock-Common (8,500 shares)
110,500
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