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Raphael Corporations common stock is currently selling on a stock exchange at $154 per share, and its current balance sheet shows the following stockholders equity

Raphael Corporations common stock is currently selling on a stock exchange at $154 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 200,000
Retained earnings 320,000
Total stockholders' equity $ 615,000

4. If two years preferred dividends are in arrears, what is the book value per share of common stock?

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Choose Numerator: Choose Denominator: -Book Value Per Common Share Book value per common share

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