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?

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Question

Raphael Corporationâs common stock is currently selling on astock exchange at $154 per share, and its current balance sheetshows the following stockholdersâ equity section: Preferredstockâ5% cumulative, $___ par value, 1,000 shares authorized,issued, and outstanding $ 50,000 Common stockâ$___ par value, 4,000 shares authorized, issued,and outstanding 80,000 Retained earnings 300,000 Total stockholders' equity $ 430,000 What is the current market value (price) of this corporationâscommon stock? What are the par values of the corporation's preferred stock andits common stock? If no dividends are in arrears, what are the book values pershare of the preferred stock and the common stock? If two years' preferred dividends are in arrears, what are thebook values per share of the preferred stock and the commonstock? If two yearsâ preferred dividends are in arrears and thepreferred stock is callable at $60 per share, what are the bookvalues per share of the preferred stock and the common stock? If two yearsâ preferred dividends are in arrears and the boardof directors declares cash dividends of $19,500, what total amountwill be paid to the preferred and to the common shareholders?


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

The stockholdersâequity section of Birdman Corp.âs balance sheet at December 31 ispresented here.

	Birdman Corp.
	Balance Sheet (partial)
	Stockholdersâ equity
Paid-incapital
Preferred stock, cumulative,10,000 shares authorized, 6,000 shares issued and outstanding		$ 640,000
Common stock, no par, 735,776shares authorized, 569,000 shares issued		2,400,000
Totalpaid-in capital		3,040,000
Retainedearnings		1,191,000
Total paid-incapital and retained earnings		4,231,000
Less:Treasury stock (5,200 common shares)		30,933
Total stockholdersâequity		$4,200,067

From a review of thestockholdersâ equity section, answer the following questions:

(a) How many shares of commonstock are outstanding?
Common stock outstanding		shares
(b) Assuming there is a statedvalue, what is the stated value of the common stock?
The stated value of the commonstock		per share
(c) What is the par value ofthe preferred stock?
The par value of the preferredstock		per share
(d) If the annual dividend onpreferred stock is $57,600, what is the dividend rate on preferredstock?
The dividend rate		%
(e) If dividends of $74,800were in arrears on preferred stock, what would be the balancereported for retained earnings?
The Retained Earningsbalance

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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?