I got all the answers wrong except for the name of the numerator "stockholders equity applicable to preferred shares" for the book value per preferred shares. No clue how to do this or what the name of the numerator and denominator should be for each value. Required information[The following information applies to the questions displayed below.]Raphael Corporation's common stock is currently selling on a stock exchange at $186per share, and its current balance sheet shows the following stockholders' equitysection:Preferred stock-5% cumulative, $par value, 1,000shares$85,000authorized, issued, and outstandingCommon stock-$.authorized, issued,and outstandingpar value, 4,000 shares200,000330,000Retained earnings615,000$Total stockholders' equity 4. If two years' preferred dividends are in arrears, what are the book values per share ofthe preferred stock and the common stock?Book Value Per Preferred ShareChoose Numerator:| Choose Denominator:Book Value Per Preferred ShareStockholders' equity applicable to preferred shares| Number of common shares outstandingBook value per preferred share530,000 /4,000 =132.50Book Value Per Common ShareChoose Numerator:| Choose Denominator:Book Value Per Common ShareStockholders' equity applicable to preferred shares|Number of preferred shares outstandingBook value per common share$93,500 /1,000 =93.50%24

4. If two years' preferred dividends are in arrears, what are the book values per share of the preferred stock and the common stock? Book Value Per Preferred Share Choose Numerator: I Choose Denominator: Book Value Per Preferred Share Stockholders' equity applicable to preferred shares I Number of common shares outstanding Book value per preferred share $ 530,000 | 4,000 = 2$ 132.50 Book Value Per Common Share Choose Numerator: I Choose Denominator: Book Value Per Common Share Stockholders' equity applicable to preferred shares | Number of preferred shares outstanding Book value per common share $ 93,500 / 1,000 = $ 93.50

4. If two years' preferred dividends are in arrears, what are the book values per share of the preferred stock and the common stock? Book Value Per Preferred Share Choose Numerator: I Choose Denominator: Book Value Per Preferred Share Stockholders' equity applicable to preferred shares I Number of common shares outstanding Book value per preferred share $ 530,000 | 4,000 = 2$ 132.50 Book Value Per Common Share Choose Numerator: I Choose Denominator: Book Value Per Common Share Stockholders' equity applicable to preferred shares | Number of preferred shares outstanding Book value per common share $ 93,500 / 1,000 = $ 93.50

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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In the queston you didn't answer the ones for August 3, could you do it and use formulas for the one in blue? Also, could you explain in more detail de formulas, more so for the common stock.
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