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

See similar textbooks

Similar questions

Preferred dividends from cumulative, nonconvertible preferred stock must be added back to the numerator when computing diluted earnings per share. Select one: True False
explain your answer and do not copy from other sources
If most participants in the stock market do not follow what is happening to monetary aggregates, prices of common stock will not fully reflect information about them. Is this statement true? Explain your answer
When preparing the balance sheet, the only two stockholders' equity accounts thus far in the class are coming from Multiple Choice the unadjusted trial balance. the t accounts. investments made directly by the shareholders. the statement of stockholders' equity. G Sty
16. Lamar has the following data: Selling Price $ 40 Variable manufacturing cost $ 22 Fixed manufacturing cost $ 150,000 per month Variable selling & administrative costs $ 6 Fixed selling & administrative costs $ 120,000 per month If Lamar produces and sells 30,000 units, what is the margin of safety in units?
Prepare a journal entry that summarizes the declaration and distribution of the stock split if it is not to be effected in the form of a stock dividend. What is the par per share after the split?
Please answer this one
Since the firm issued new stocks, I calculated two cost of retained earnings (one is rs which is the cost of internal equity or the firm's retained earnings, while the other is re or the cost of the external equity by raising issuing new stock), what should I use in solving the WACC?
Which of the following would NOT be reported for capital stock in the contributed capital section of a classified balance sheet? Group of answer choices A.Dividends per share B.Shares issued C,Shares outstanding D.Shares authorized
Which of the following is FALSE? Group of answer choices Assets + Liabilities = Stockholders' Equity Assets = Liabilities + Stockholders' Equity Assets - Stockholders' Equity= Liabilities None of the above are false.
14) Consider the following 2 tables in Database: Investor and Positions with respective columns. Investor InvestorID InvestorName Country *Assume there is a primary key on InvestorID Positions StockSymbol InvestorID ReportingDate Qty *Assume there is a primary key on StockSymbol, InvestorID, Reportingdate Positions means Stock holdings. Write a queries to a) Find all investors that have positions in more than one stocks on any reporting date. b) Output investors with their positions (they have ever had) and respective dates when they acquired those positions c) Investors that never had a position
Which of the following is false? An increase in the cost of common share may be due to an increase in share’s beta The cost of common shares can be classified as a cost of retained earnings or cost of issuance of new shares. Floatation cost affects the cost of equity from newly issued stocks and this impacts the weighted average cost of capital The floatation cost which is deducted against the stock issue price should always be considered in all scenarios of computing the cost of ordinary stock.