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