Cooper Corporation's balance sheet for 2016 reveals total shareholders' equity of $3,000,000.There are 20,000 shares of noncumulative,$15 preferred shares outstanding and 50,000 common shares outstanding.The liquidation value of the preferred shares is $80 per share.Book value per share of common shares is:

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The total value of preferred shares is 20,000 shares * $80 = $1,600,000. Subtracting this from the total shareholders' equity ($3,000,000 - $1,600,000) leaves $1,400,000 for common shareholders. Dividing this by the number of common shares (50,000) gives a book value per share of common shares of $28.00.

Cooper Corporation's Balance Sheet for 2016 Reveals Total Shareholders' Equity