12 Required information The following information applies to the questions displ

Question

12 Required information The following information applies to the questions displayed below] Raphael Corporation's common stock is currently selling on a stock exchange at $162 per share, and its current sheet shows the following stockholders' equity section Pert 4 of s balance authorized, issued, and outstandin s 100,880 Common stock-$par value, 4,000 shares authorized, i 100,000 330,000 and outstanding earnings Total stockholders' equity 5 530,800 4. If two years' preferred dividends are in arrears, what is the book value per share of common stock? rences Choose De

Explanation / Answer

preferred dividend per year = 100000 * 5% = 5000

for 2 years 5000 + 5000 = 10000

book value per common share = ( 530000 - ( 100000 + 10000)) / 4000 = 105 per share

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