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IThe following information applies to the questions displayed belowj Raphael Corporation's common stock is currently selling on a stock exchange at $185 per share, and

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IThe following information applies to the questions displayed belowj Raphael Corporation's common stock is currently selling on a stock exchange at $185 per share, and its current balance sheet shows the following stockholders' equity section Preferred stock-5% cumulative, par value, 1,000 shares 65,000 authorized, issued, and outstanding Common stock-$ par value, 4,000 shares authorized, issued and outstanding 180,000 340,000 Retained earnings $585,000 Total stockholders' equity

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