Reference no: EM132728653
Raphael Corporation's balance sheet shows the following stockholders' equity section.
Preferred stock-5% cumulative, $___ par value, 1,000 shares
authorized, issued, and outstanding$75,000
Common stock-$___ par value, 4,000
shares authorized, issued, and outstanding 180,000
Retained earnings 340,000
Total stockholders' equity$595,000
Problem 1: If no dividends are in arrears at the current date, what is the book value per share of common stock?
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