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Accounting

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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



$

200,000





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





300,000





Additional paid-in capital





452,800





Deficit (negative amount in retained earnings)





146,800





Dividends in arrears on preferred stock, 1 full year





16,000






--------------------------------------------------------------------------------






a.


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





Amount of net assets

$





b.


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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