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Folsom Corporation's common stock is currently selling on a stock exchange at $170 per share, and its current balance sheet shows the following stockholders' equity
Folsom Corporation's common stock is currently selling on a stock exchange at $170 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 $95,000 Common stock$___ par value, 4,000 shares authorized, issued, and outstanding 160,000 Retained earnings 360,000 Total stockholders' equity $615,000 12. value: 4 points Requirement 1: What is the current market value (price) of this corporation's common stock? (Omit the "$" sign in your response.) Market price $ per share 13. value: 4 points Requirement 2: What are the par values of the corporation's preferred stock and its common stock? (Omit the "$" sign in your response.) Par value of the corporation's preferred stock $ Par value of the corporation's common stock $ 14. value: 4 points Requirement 3: If no dividends are in arrears, what are the book values per share of the preferred stock and the common stock? (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Book value per share of the preferred stock $ Book value per share of the common stock $ 15. value: 4 points Requirement 4: If two years' preferred dividends are in arrears, what are the book values per share of the preferred stock and the common stock? (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Book value per share of the preferred stock $ Book value per share of the common stock $ 16. value: 4 points Requirement 5: If two years' preferred dividends are in arrears and the preferred stock is callable at $105 per share, what are the book values per share of the preferred stock and the common stock? (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Book value per share of the preferred stock $ Book value per share of the common stock $ 17. value: 4 points Requirement 6: If two years' preferred dividends are in arrears and the board of directors declares cash dividends of $25,100, what total amount will be paid to the preferred and to the common shareholders? What is the amount of dividends per share for the common stock? (Round the dividends per share to 2 decimal places and the other answers to the nearest dollar amount. Omit the "$" sign in your response.) Total amount paid to the preferred shareholders $ Total amount paid to the common shareholders $ Dividends per share for the common stock $
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