Chapter 11, Problem 18QS

To determine

Book Value of Share:

It shows the current book value of each share. It comes after subtracting preferred stock from total stockholder’s equity and then dividing it by total number of outstanding shares.

$\text{Book}\text{value}\text{of}\text{share}=\frac{\text{Total}\text{stockholder's}\text{equity-preferred}\text{stock}}{\text{Total}\text{number}\text{of}\text{outstanding}\text{shares}}$

Book value of per share of the common stock.