March 30, 2015

Homework Help: Accounting

Posted by kate on Friday, December 9, 2011 at 8:50pm.

The following information is necessary to compute the net assets (stockholders' equity) and book value per share of common stock for Rothchild Corporation:

8% cumulative preferred stock, $100 par



Common stock, $5 par, authorized 100,000 shares, issued 60,000 shares


Additional paid-in capital


Deficit (negative amount in retained earnings)


Dividends in arrears on preferred stock, 1 full year




Compute the amount of net assets (stockholders' equity). (Omit the "$" sign in your response.)

Amount of net assets



Compute the book value per share of common stock. (Round your answer to two decimal places. Omit the "$" sign in your response.)

Book value per share


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