Question
Raphael Corporations common stock is currently selling on a stock exchange at $85 per share, and its current balance sheet shows the following stockholders equity
Raphael Corporations common stock is currently selling on a stock exchange at $85 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 $ 50,000
Common stock$___ par value, 4,000 shares authorized, issued,
and outstanding 80,000
Retained earnings 150,000
Total stockholders' equity $ 280,000
If no dividends are in arrears, what are the book values per share of the preferred stock and the common stock? Numerator and denominator
If two years preferred dividends are in arrears, what are the book values per share of the preferred stock and the common stock? Numerator and denominator If two years preferred dividends are in arrears and the preferred stock is callable at $55 per share, what are the book values per share of the preferred stock and the common stock? Numerator and Denominator. If two years preferred dividends are in arrears and the board of directors declares cash dividends of $11,500, what total amount will be paid to the preferred and to the common shareholders? What is the amount of dividends per share for the common stock? |
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