The following information is necessary to compute the net assets (stockholders’ equity) and book value per share of common stock for Rothchild Corporation.
8% cumulative preferred stock, $100 par | $ | 200,000 | |
Common stock, $5 par, authorized 100,000 shares, issued 60,000 shares | 300,000 | ||
Additional paid-in capital | 510,000 | ||
Deficit (negative amount in retained earnings) | 146,800 | ||
Dividends in arrears on preferred stock, 1 full year | 16,000 | ||
a. Compute the amount of net assets (stockholders' equity).
b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.)
a.
Net assets(stockholder's equity) is equal to the sum of all stock's subtracted by any negative retained earnings(loss)
b.
Book value is per share of common stock is:
The following information is necessary to compute the net assets (stockholders’ equity) and book value per...
Required information (The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, . authorized, issued, and outstanding Common stock-$ and outstanding Retained earnings par value, 1,000 shares $ 60,000 par value, 4,e00 shares authorized, issued, 140,000 400,000 s 600,000 Total stockholders equity 1. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock Corporation's common stock Required information (The...
Stockholders' equity: Capital stock: 7% cumulative preferred stock, $100 par value $ 15,000,000 Common stock, $5 par value, 5,000,000 shares authorized, 4,400,000 shares issued and outstanding 22,000,000 Additional paid-in capital: Common stock 42,000,000 Retained earnings 64,450,000 Total stockholders’ equity $ 143,450,000 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...
The stockholders' equity section of Montel Company's balance sheet follows. This year's dividends on preferred stock have been paid and no preferred dividends are in arrears. Preferred stock-5% cumulative, $1e par value, 10,00e shares authorized, issued and outstanding Common stock-$5 par value, 228,eee shares authorized, 17e,eee shares issued and outstanding Retained earnings Total stockholders equity 1ee,eee 850, eee 1,e74,see $2,824,see Determine the book value per share of the common stock Book Value Per Common Share Book Value Per Common Share...
Required information Problem 13-5A Computing book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. $ 100,000 Preferred stock-5% cumulative, $__par value, 1,000 shares authorized, issued, and outstanding Common stock-$_ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 180,000 360,000 $ 640,000 Problem 13-5A Part 1 1. What are the par values of the corporation's preferred stock and...
The year-end balance sheet of Columbus Products, Inc., includes the following stockholders’ equity section (with certain details omitted). Stockholders' equity: Capital stock: 7% cumulative preferred stock, $100 par value $ 15,000,000 Common stock, $5 par value, 5,000,000 shares authorized, 3,900,000 shares issued and outstanding 19,500,000 Additional paid-in capital: Common stock 49,000,000 Retained earnings 64,450,000 Total stockholders’ equity $ 147,950,000 From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What...
At December 31, Gorden Corporation has total stockholders' equity of $3,200,000. Included in this total are preferred stock $500,000 and paid-in capital in excess of par—preferred stock $50,000. There are 10,000 shares of $50 par value, 8% cumulative preferred stock outstanding. At year-end, 200,000 shares of common stock are outstanding. Instructions Compute the book value per share of common stock under each of the following assumptions. (a) There are no preferred dividends in arrears, and the preferred stock does not...
Required information [The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. $ 75,000 Preferred stock-5% cumulative, $_ par value, 1,000 shares authorized, issued, and outstanding Common stock-$__ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 160,000 320,000 $ 555,000 1. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock Corporation's common stock 2. If no...
The year-end balance sheet of Ft. Smith Products includes the following stockholders’ equity section (with certain details omitted). Stockholders' equity: 7 1/2% cumulative preferred stock, $100 par value, 100,000 shares authorized $ 2,300,000 Common stock, $2 par value, 900,000 shares authorized 900,000 Additional paid-in capital: common stock 8,100,000 Retained earnings 2,595,000 Total stockholders' equity $ 13,895,000 Required: From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What is the...
Required information Problem 13-5A Computing book values and dividend allocations LO C2, A4 {The following information applies to the questions displayed below] Raphael Corporation's balance sheet shows the following stockholders' equity section. $ 70,000 Preferred stock-5X cumulative, S par value, 1,600 shares authorized, issued, and outstanding Common stock- par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 100.ee 320.ee $490. Bee Problem 13.5A Part 3 3. If two years' preferred dividends are in arrears at the...
me "E12-21 At December 31, Missouri Corporation has total stockholders' equity of $3,000,000. Included in this total are preferred stock $500,000 and paid-in capital in excess of par value- preferred stock $50,000. There are 10,000 shares of $50 par value 10% cumulative preferred stock outstanding. At year-end, 200,000 shares of common stock are outstanding. Instructions Compute the book value per share of common stock, under each of the following assumptions (a) There are no preferred dividends in arrears, and the...