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Raphael Corporations common stock is currently selling on a stock exchange at $195 per share, and its current balance sheet shows the following stockholders equity
Raphael Corporations common stock is currently selling on a stock exchange at $195 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 | $ | 90,000 |
Common stock$___ par value, 4,000 shares authorized, issued, and outstanding | 180,000 | |
Retained earnings | 380,000 | |
Total stockholders' equity | $ | 650,000 |
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