Required information The following information applies to the questions displaye

Question

Required information The following information applies to the questions displayed below] Raphael Corporation's common stock is currently selling on a stock exchange at $162 per share, and its current balance sheet shows the following stockholders' equity section: 3 of 5 Preferred stock-5% cumulative, $--par value, 1,000 shares authorized, issued, and outstanding s 10e,800 Common stock-$par value, 4,000 shares authorized, issued, and outstanding 100,800 30,000 $ 530,80e Total stockholders' equity 3. If no dividends are in arrears, what is the book value per share of common stock? Value Per

Explanation / Answer

3..

book value per each share =

(530000 - 100000 ) / 4000 shares = 107.5 per share

100000 is the preferred stock

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