4.(15) X corp. Balance sheet reports the following amounts of Stockholder s Equity:
Preferred stock, 7 % , $20 par, 6 000 shares authorized, 6 000 shares iss..‘eci (liquidation value $ pershare) …………………….. ……………………………………………………………….. $ 120 000
Paid — in — capital in excess of par preferred 12.000
Common stock, $ 1 par, 20 000 shares authorized, 18 000 shares
issued
18 000
Paid in capital in excess of par common .152 000 Retained earning 800 000 Suppose that four years cumulative preferred dividends are in arrears. Compute A. The book value per common share. B.ROE (common stock)
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