A company has 675 shares of $62 par value preferred stock outstanding. It also has 27,000 shares of common stock outstanding, and the total value of its stockholders' equity is $938,250. The company's book value per common share equals:

		$33.90.
		$34.75.
		$33.20.
		$33.50.
		$32.39.

Global Corporation had 56,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 5% stock dividend when the market value of each share was $24. The entry to record the dividend declaration is:

		Debit Retained Earnings $56,000; credit Common Stock Dividend Distributable $56,000.
		Debit Retained Earnings $67,200; credit Common Stock Dividend Distributable $56,000; credit Paid-In Capital in Excess of Par Value, Common Stock $11,200.
		Debit Retained Earnings $67,200; credit Common Stock Dividend Distributable $67,200.
		Debit Retained Earnings $67,200; credit Cash $67,200.
		No entry is made until the stock is issued.

Refer to the following selected financial information from Gomez Electronics. Compute the company's debt-to-equity ratio for Year 2.

				Year 2			Year 1
Net sales				$	487,000		$	427,950
Cost of goods sold					278,000			251,820
Interest expense					11,400			12,400
Net income before tax					68,950			54,380
Net income after tax					47,750			41,600
Total assets					320,500			298,200
Total liabilities					172,900			169,000
Total equity					147,600			129,200
		1.17.
		2.17.
		1.85.
		0.85.
		3.30.

Halverstein Company's outstanding stock consists of 14,000 shares of cumulative 5% preferred stock with a $10 par value and 6000 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.

	Dividends Declared & Paid
Year 1	$	0
Year 2	$	12,000
Year 3	$	49,000

The amount of dividends paid to preferred and common shareholders in Year 2 is:

		$12,000 preferred; $0 common.
		$7000 preferred; $5000 common.
		$0 preferred; $12,000common.
		$6000 preferred; $6000 common.
		$8400 preferred; $3600 common.

Mayan Company had net income of $33,180. The weighted-average common shares outstanding were 8400. The company has no preferred stock. The company's earnings per share is:

		$5.00.
		$1.17.
		$4.01.
		$3.95.
		$3.89.