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Required Informetion The following information applies to the questions displayed below) Raphael Corporations balance sheet
Required Information The following information applies to the questions displayed below Raphael Corporations balance sheet s
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Answer #1
3.
Book value per Common share
Choose numerator / Choose denominator: = Book value per common share
Stockholders' equity applicable to common shares / Number of common shares outstanding = Book value per common share
590000 / 4000 = 147.50
4.
Preferred dividend per year = Par value * Dividend % = 50000 * 5% 2500
Preferred dividend in arrears of 2 years = Preferred dividend per year * 2 = 2500 * 2 5000
Total amount paid to the preferred shareholders = Preferred dividend in arrears of 2 years + Current year's preferred dividend = 5000 + 2500 7500
Total amount paid to the common shareholders = Total dividend declared - Total amount paid to the preferred shareholders = 16500 - 7500 9000
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