Parsons, Inc., is a publicly owned company. The following information is excerpted from a recent...
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Accounting
Parsons, Inc., is a publicly owned company. The following information is excerpted from a recent balance sheet. Dollar amounts (except for per-share amounts) are stated in thousands.
Stockholders' equity:
Convertible $17.20 preferred stock, $250 par value, 1,000,000 shares authorized; 345,000 shares issued and outstanding
$
86,250
Common stock, par value $0.50; 25,000,000 shares authorized
6,819
Additional paid-in capital
87,260
Retained earnings
57,263
Total stockholders' equity
$
237,592
Required:
From this information, answer the following questions.
a. How many shares of common stock have been issued? (Enter your answer in thousands.)
b. What is the total amount of the annual dividends paid to preferred stockholders? (Enter your answer in thousands.)
c. What is the total amount of paid-in capital? (Enter your answer in thousands.)
d. What is the book value per share of common stock, assuming no dividends in arrears? (Round your answers to 2 decimal places.)
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