Compute the book value per share of trulls preferred and

Reference no: EM13585437

The balance sheet of Mitt Trull, Inc., reported the following

preferred stock 8%,$40 par 1,600 shares issued and outstading- 64,000

common stock, no par value, 10,000 shares authorized, 5,600 shares issued. - 224,000

total stockholders equity- 288,000

Compute the book value per share of Trulls preferred and common stock if three years preferred dividends (including dividends for the current year) are in arrears.

Reference no: EM13585437

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