Question
Razz Corporations common stock is currently selling on a stock exchange at $185 per share, and its current balance sheet shows the following stockholders equity
Razz Corporations common stock is currently selling on a stock exchange at $185 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 160,000 Retained earnings 370,000 ________________________________________ ________________________________________ Total stockholders' equity $ 580,000 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ 1. What is the current market value (price) of this corporation's common stock? Market pricer.. per share???
2. What are the par values of the corporation's preferred stock and its common stock? Corporations preferred stock: Par value??? Corporations common stock: Par value??
3. If no dividends are in arrears, complete the below table to calculate the book values per share of the preferred stock and the common stock? Book value per preferred share??? Book value per common share
4. If two years' preferred dividends are in arrears, complete the below tables to calculate the book values per share of the preferred stock and the common stock? Book value per preferred share??? Book value per common share
5. If two years preferred dividends are in arrears and the preferred stock is callable at $60 per share, what are the book values per share of the preferred stock and the common stock? Book value per preferred share??? Book value per common share
6.1 If two years preferred dividends are in arrears and the board of directors declares cash dividends of $16,500, what total amount will be paid to the preferred and to the common shareholders? Total amount paid to the preferred shareholders? Total amount paid to the common shareholders? What is the amount of dividends per share for the common stock?
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