Question

The balance sheet of Wireless, Inc., reported the following:
Preferred stock, 9%, $20 par, 1,300 shares authorized, issued and outstanding
$2600
Common stock, no-par value, 12,000 shares authorized, 5,300 shares issued
= 200,000
Retained earnings
50.000
Total stockholdersequity
-$276 000
Assume that wireless has paid prelerred dividends for the aurront year and all prior years (no
dividends in arrears).
Requirement
1. Compute the book valug per share of the common
stock

please answer the following question let's see who the first guy solve this question ​

Answer 1

Explanation:

Compute the book value per share of the common stock.