Some of you had somewhat satisfactory scores on Week 5 quiz, but many did not.Therefore, you may have do-over of the week 5 quiz.You will have one week to complete the quiz and will be awarded up to 21 points if all your answers on the quiz do-overare correct.This means you could potentially earn more than 100% for the quiz if we combine your do-over score and your original score.

one hint - the problems discuss the company's earnings.This is its earnings before interest and tax.

Company X has 600 shares of common stock, booked as stock value of $24,000, and paid in capital of $420,000.In addition, the firm has 1800 shares of preferred stock, cumulative, with a par value of $75 and a 6% annual dividend.Company X carries long term debt of $421,000 at 5%.Company X had earnings this year of $150,000 and is taxed at 21%.

(1)(worth three points) How much will the preferred shareholders be paid this year if the board had passed the preferred dividend for the prior three years?(show your calculation)

(2) (worth three points) What is the par value of the common stock in dollars?(show your calculation)

(3) (worth three points) How much did the common stock initially sell for?(show your calculation)

(4)(worth three points) How much in total financing does Company X have, and in what percentage is each component of the financing?(show your calculation)

(5) (worth three points) What is Company X's ROE?(show your calculation)

(6) (worth three points) What is Company X's EPS? (show your calculation)

(7) (worththree points) Complete the following table with values for each.

EBIT

Interest

EBT

Tax

EAT

Preferred Dividend

EAC