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

References

Section BreakProblem 13-5A Computation of book values and dividend allocations LO C2, A4

20.

value: 5.00 points

Required information

Problem 13-5A Part 1

Required:
1.	What is the current market value (price) of this corporations common stock?

References

eBook & Resources

WorksheetDifficulty: HardLearning Objective: 13-C2 Explain characteristics of, and distribute dividends between, common and preferred stock.

Problem 13-5A Part 1Learning Objective: 13-A4 Compute book value and explain its use in analysis.

Ask your instructor a questionCheck my work

21.

value: 5.00 points

Required information

Problem 13-5A Part 2

2.	What are the par values of the corporations preferred stock and its common stock?

References

eBook & Resources

WorksheetDifficulty: HardLearning Objective: 13-C2 Explain characteristics of, and distribute dividends between, common and preferred stock.

Problem 13-5A Part 2Learning Objective: 13-A4 Compute book value and explain its use in analysis.

Ask your instructor a questionCheck my work

22.

value: 5.00 points

Required information

Problem 13-5A Part 3

3.	If no dividends are in arrears, what are the book values per share of the preferred stock and the common stock?

References

eBook & Resources

Expanded tableDifficulty: HardLearning Objective: 13-C2 Explain characteristics of, and distribute dividends between, common and preferred stock.

Problem 13-5A Part 3Learning Objective: 13-A4 Compute book value and explain its use in analysis.

Ask your instructor a questionCheck my work

23.

value: 5.00 points

Required information

Problem 13-5A Part 4

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

References

eBook & Resources

Expanded tableDifficulty: HardLearning Objective: 13-C2 Explain characteristics of, and distribute dividends between, common and preferred stock.

Problem 13-5A Part 4Learning Objective: 13-A4 Compute book value and explain its use in analysis.

Ask your instructor a questionCheck my work

24.

value: 5.00 points

Required information

Problem 13-5A Part 5

5.	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?

References

eBook & Resources

Expanded tableDifficulty: HardLearning Objective: 13-C2 Explain characteristics of, and distribute dividends between, common and preferred stock.

Problem 13-5A Part 5Learning Objective: 13-A4 Compute book value and explain its use in analysis.

Ask your instructor a questionCheck my work

25.

value: 5.00 points

Required information

Problem 13-5A Part 6

6.1	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?

6.2	What is the amount of dividends per share for the common stock?