11. Raphael Corporations common stock is currently selling on a stock exchange at $171 per share, and its current balance sheet shows the following stockholders equity section:

Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding	$	80,000
Common stock$___ par value, 4,000 shares authorized, issued, and outstanding		100,000
Retained earnings		320,000
Total stockholders' equity	$	500,000

Problem 13-5A Part 3

3. If no dividends are in arrears, what is the book value per share of common stock?

12. Raphael Corporations common stock is currently selling on a stock exchange at $171 per share, and its current balance sheet shows the following stockholders equity section:

Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding	$	80,000
Common stock$___ par value, 4,000 shares authorized, issued, and outstanding		100,000
Retained earnings		320,000
Total stockholders' equity	$	500,000

Problem 13-5A Part 4

4. If two years preferred dividends are in arrears, what is the book value per share of common stock?