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The year-end balance sheet of Columbus Products, Inc, includes the following stockholders' equity section (with certain details omitted). Stockholders equity: Capital stock: 7% cumulative preferred
The year-end balance sheet of Columbus Products, Inc, includes the following stockholders' equity section (with certain details omitted). Stockholders equity: Capital stock: 7% cumulative preferred stock, $100 par value Common stock, $5 par value, 5,000,e00 shares authorized, 3,900,000 shares issued s 12,000,eee and outstanding 19,58e,e00 Additional paid-in capital Common stock 58,000,000 64,450,880 $145,950,eee Retained earnings Total stockholders' equity From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What is the total amount of the annual dividends to which preferred stockholders are entitled? c. What was the average issuance price per share of common stock? d. What is the amount of legal capital and the amount of total paid-in capital? e. What is the book value per share of common stock, assuming no dividends in arrears? f. Is it possible to determine the fair market value per share of common stock from the stockholders' equity section above? Complete this question by entering your answers in the tabs below.
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