y Bookmarks People Window Help 77%i. Sun 7:16 PM Alexis Alonso C Kelley Company

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y Bookmarks People Window Help 77%i. Sun 7:16 PM Alexis Alonso C Kelley Company Reports $06c x nect tion.com/flow/connect htm 1HOMEWORK Help Save & Exit Su Check my wo Required information The following information applies to the questions displayed below. Raphael Corporation's common stock is currently selling on a stock exchange at $192 per share, and its current balance sheet shows the following stockholders' equity section: Preferred tock-59 eunulative, $-par value, 1,000 shares authorized, issued, and outatanding Comon stock--$-par value, 4,000 shares authorized, issued, and outatanding Retained earnings Total stockholders equity 140,000 360,000 575,000 5.1 If two years' preferred dividends are in arrears and the board of directors declares cash dividends of $17,250, what total amount will be paid to the preferred and to the common shareholders? Total amount paid to the preferred shareholders Total amount paid to the common shareholders Prey 13 of 13 Next 3 6 7 8 9 0

Explanation / Answer

5.1) Dividend distribution :

5-2) Dividend per share = 6000/4000 = 1.50 per share

Total amount paid to preferred shareholders (75000*5%*3) 11250 Total amount paid to common shareholders (17250-11250) 6000

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