Question

hi could you please take the time to answer these for me?

1 The year-end balance sheet of Columbus Products, Inc., includes the following stockholders' equity section (with certain details omitted). Stockholders' equity: Capital stockı 78 cumulative preferred stock, $100 par value Common stock, $5 par value, 5,000,000 shares authorized, 3,600,000 ahares issued and outstanding Additional paid-in capitalı Common stock Retained earnings 20 points $ 13,000,000 18,000,000 44,000,000 eBook 64,450,000 Total stockholders' equity $139,450,000 References 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. Required A Required B Required C Required D Required E Required F What is the total amount of the annual dividends to which preferred stockholders are entitled? Annual dividends ( Required A Required C>

Answer 1

a) Preferred stock issued = 13000000/100 = 130000 shares

b) Annual dividend = 13000000*7%= $910000

c) Average issue price = (18000000+44000000)/3600000 = 17.22 per share

d) Legal capital = 13000000+18000000 = 31000000

Total paid in capital = 31000000+44000000 = 75000000

e) Book value per share = (18000000+44000000+64450000)/360000 = 351.25 per share

f) Not possible