Question
PLease help Raphael Corporations common stock is currently selling on a stock exchange at $176 per share, and its current balance sheet shows the following
PLease help
Raphael Corporations common stock is currently selling on a stock exchange at $176 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 | $ | 75,000 |
Common stock$___ par value, 4,000 shares authorized, issued, and outstanding | 180,000 | |
Retained earnings | 400,000 | |
Total stockholders' equity | $ | 655,000 |
176 per share
2. | What are the par values of the corporation's preferred stock and its common stock? |
Book Value Per Preferred ShareChoose Numerator:/Choose Denominator:=Book Value Per Preferred ShareStockholders' equity applicable to preferred shares/Number of preferred shares outstanding=Book value per preferred share$75,000/1,000=$75.00
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