Required Information The folowing information apples to the questions displayed

Question

Required Information The folowing information apples to the questions displayed belowj Raphael Corporation's common stock is currently selling on a stock exchange at $177 per share, and its current balance sheet shows the following stockholders equity section: Preferred stock-5% cumulative. S-par value, 1,000 shares authorized, issued, and outstanding $ 100,000 Common stock-$__ par value, 4,000 shares authorized, issued, and outstanding 160,000 Retained earnings 320,000 Total stockholders' equity $ 580,000

Explanation / Answer

6.1) Total amount paid to preferred shareholders    10,000 100000*5%*2 Total amount paid to common shareholders    23,000 TOTAL dividend declared    33,000 6.2) Dvidend per common share        5.75 (23000/4000)

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