Question: Compute the book value per share based on the reported stockholders’ equity account for Bridgford Foods in fiscal year ending November 2, 2005:
Shareholder’s equity (‘000)
Preferred stock, without par value
Authorized-1,000 shares
Issued and outstanding-none
Common stock, $1.00 par value $10,505
Capital in excess of par value 17,475
Retained earnings 29,355
Total shareholders’ equity $57,335