Reference no: EM132545179

The year-end balance sheet of Sapphire Textile Mills Ltd., includes the following stockholders' equity section (with certain details omitted):

Stockholders' equity:

10% cumulative preferred stock, PKR 100 par value,

authorized 1,000,000 shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 46,000,000

Common stock, PKR 20 par value, authorized

2,000,000 shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52,000,000

Additional paid-in capital: common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76,000,000

Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000,000

Total stockholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $204,000,000

Required:

Based on the above given information, compute answers to the following questions:

Question a. What is the total amount of the annual dividends paid to preferred stockholders?

Question b. How many shares of common stock are outstanding?

Question c. What was the average issuance price per share of common stock?

Question d. What is the total amount of paid-in capital?