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Oppong Corporation's common shares are currently selling on a stock exchange at $6 per share, and a recent balance sheet shows the information below.
Oppong Corporation's common shares are currently selling on a stock exchange at $6 per share, and a recent balance sheet shows the information below. Using the information given, answer th following questions: Oppong Corporation Equity Section of Balance Sheet December 31, 2023 Contributed capital Preferred shares, $7.00 cumulative, 5,000 shares authorized, issued, and outstanding 70,000 80,000 common shares authorized, issued, and outstanding 640,000 Total contributed capital 710,000 Retained eamings Total equity 350,000 1,060,000 a) Calculate the following value. Market value of common shares b) Calculate the following value Capital contributed by residual owners c) Assuming no dividends are in arrears, calculate the following values Book value per common share Book value per preferred share d) Assuming two years of preferred dividends are in arrears, calculate the following values. Book value per common share Book value per preferred share e) Assuming two years of preferred dividends are in arrears, and the board of directors declares dividends of $189,000, calculate the following values Dividends to common shareholders Dividends to preferred shareholders Dividends per common share.
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