Reference no: EM131296177
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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