Reference no: EM13937558
Analyze equity section of balance sheet.
Answer the following questions using the shareholders' equity section of Camp Corpora tion's balance sheet at December 31.
Shareholders' equity Preferred stock, cumulative, 10,000 shares authorized,
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3,000 shares issued and outstanding
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$ 300,000
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Additional paid-in capital, preferred stock
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30,000
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Common stock, $0.10 par, 750,000 shares authorized,
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600,000 shares issued
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60,000
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Additional paid-in capital, common stock
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234,000
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Retained earnings
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975,000
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1,599,000
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Less: Treasury stock (8,000 common shares)
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(85,200)
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Total shareholders' equity
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$1,513,800
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a. How many shares of common stock are outstanding?
b. On average, what was the issue price of the common shares issued?
c. What is the par value of the preferred stock?
d. If the total annual dividend on preferred stock is $24,000, what is the dividend rate on preferred stock?
e. On average, how much per share did the company pay for the treasury stock?
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