Raphael Corporationâs common stock is currently selling on astock exchange at $171 per share, and its current balance sheetshows the following stockholdersâ equity section:
Preferredstockâ5% cumulative, $___ par value, 1,000 shares
authorized, issued, and outstanding $ 85,000 Commonstockâ$___ par value, 4,000 shares authorized, issued,
and outstanding 200,000 Retainedearnings 340,000 Total stockholders' equity
$ 625,000
1. What is the current market value (price) ofthis corporationâs common stock?
2. What are the par values of the corporationâspreferred stock and its common stock?
3. If no dividends are in arrears, what is thebook value per share of common stock?
4. If two yearsâ preferred dividends are inarrears, what is the book value per share of common stock?
5.1 If two yearsâ preferred dividends are inarrears and the board of directors declares cash dividends of$20,850, what total amount will be paid to the preferred and to thecommon shareholders?
Raphael Corporationâs common stock is currently selling on astock exchange at $171 per share, and its current balance sheetshows the following stockholdersâ equity section:
| Preferredstockâ5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding | $ | 85,000 |
| Commonstockâ$___ par value, 4,000 shares authorized, issued, and outstanding | 200,000 | |
| Retainedearnings | 340,000 | |
Total stockholders' equity | $ | 625,000 |
| 1. What is the current market value (price) ofthis corporationâs common stock? 2. What are the par values of the corporationâspreferred stock and its common stock? 3. If no dividends are in arrears, what is thebook value per share of common stock? 4. If two yearsâ preferred dividends are inarrears, what is the book value per share of common stock? 5.1 If two yearsâ preferred dividends are inarrears and the board of directors declares cash dividends of$20,850, what total amount will be paid to the preferred and to thecommon shareholders? | ||
Related questions
[The following information applies to the questionsdisplayed below.]
Raphael Corporationâs common stock is currently selling on astock exchange at $191 per share, and its current balance sheetshows the following stockholdersâ equity section: |
| Preferred stockâ5% cumulative, $___ par value, 1,000shares authorized, issued, and outstanding | $ | 55,000 |
| Common stockâ$___ par value, 4,000 shares authorized,issued, and outstanding | 140,000 | |
| Retained earnings | 370,000 | |
| Total stockholders' equity | $ | 565,000 |
1. What is the current market value (price) ofthis corporationâs common stock?
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2. What are the par values of the corporation'spreferred stock and its common stock?
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3. If no dividends are in arrears, what are thebook values per share of the preferred stock and the commonstock?
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4. If two years' preferred dividends are inarrears, what are the book values per share of the preferred stockand the common stock?
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5. If two yearsâ preferred dividends are inarrears and the preferred stock is callable at $65 per share, whatare the book values per share of the preferred stock and the commonstock?
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6.1 If two yearsâ preferred dividends are inarrears and the board of directors declares cash dividends of$17,900, what total amount will be paid to the preferred and to thecommon shareholders?
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