Required information Problem 11-5A Computation of book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.] Raphael Corporation's common stock is currently selling on a stock exchange at $189 per share, and its current balance sheet shows the following stockholders' equity section: $ 65, eee Preferred stock-5% cumulative, $_par value, 1,800 shares authorized, issued, and outstanding Common stock-$ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 160, eee 340, 880 $ 565, eee 4. If two years' preferred dividends are in arrears, what is the book value per share of common stock? Book Value Per Common Share Choose Numerator: Book Value Per Common Share 1 Choose Denominator: Stockholders equity applicable to 1 preferred shares 1 Book value per common share 4,000/=