13 Required information [The following information applies to the questions disp

Question

13 Required information [The following information applies to the questions displayed below Raphael Corporation's common stock is currently selling on a stock exchange at $162 per share, and its current balance ert 5 of 5 sheet shows the following stockholders' equity section stock-5% cumulative, $ par value, 1,000 shar authorized, issued, and outstanding Common stock-$--par value, 4,000 shares authorized, issued, s 100,800 and outstanding Retained earnings Total stockholders' equity 180,089 330,000 5.1 If two years' preferred dividends are in arrears and the board of directors declares cash dividends of $22.000, what total amount will be paid to the preferred and to the common shareholders? ferences Total amount paid to the preferred chare for the common stock? (Round your answer to two decimal places.)

Explanation / Answer

dividend to preferred shareholders 100*5%*1000 5000 dividend in arrears 10,000 current year dividend 5,000 total amount paid to the preferred shareholders 15,000 total amount paid to the common shareholders 7,000 dividend per share 1.75

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