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QUESTION 43 Not yet answered Points out of 5.00 Flag question Shown below is information relating to the stockholders' equity of Ajax Corporation at December
QUESTION 43 Not yet answered Points out of 5.00 Flag question Shown below is information relating to the stockholders' equity of Ajax Corporation at December 31, 2018: 8% preferred stock, $150 par, 10,000 shares authorized and 6,000 issued $ 900,000 Common stock, $6.50 par, 500,000 shares authorized 400,000 shares issued and $2,600,000 outstanding Additional paid-in capital: preferred stock $132,000 Additional paid in capital: common stock $2,970,000 Retained earnings $1,551,000 (Assume there are no dividends in arrears) (a) What is Ajax's total legal capital at December 31, 2018? (b) What is the total amount of Ajax's paid-in capital at December 31, 2018? (C) What was the average issue price per share of Ajax's preferred stock?. (d) What is the book value per share of common stock? (e) The balance in Retained Earnings at the beginning of the year was $1,237,500, and net income for 2018 was $1,600,500. What was the amount of dividend declared on each share of common stock during 2018
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