(L.OBJ. 6) Book value per share of common stock [0-15 min] The balance sheet of Matt Ta...

(L.OBJ. 6) Book value per share of common stock [0-15 min]

The balance sheet of Matt Taft Wireless, Inc., reported the following:

Assume that Taft has paid preferred dividends for the current year and all prior years (no dividends in arrears).

Requirement

1. Compute the book value per share of the common stock.