Raphael corporationrsquos common stock is currently selling


Raphael Corporation’s common stock is currently selling on a stock exchange at $165 per share, and its current balance sheet shows the following stockholders’ equity section:

Preferred stock—5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 55,000

Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding 80,000

Retained earnings 310,000

Total stockholders' equity $ 445,000

1) If two years’ preferred dividends are in arrears and the board of directors declares cash dividends of $18,200, what total amount will be paid to the preferred and to the common shareholders?

-Total amount paid to preferred shareholders?

-Total amount paid to the common shareholders?

2) What is the amount of dividends per share for the common stock? (Round your answer to two decimal places.)

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Financial Accounting: Raphael corporationrsquos common stock is currently selling
Reference No:- TGS01698878

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