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In: AccountingRequired information[The following information applies to the questionsdisplayed below.]Raphael Corporation’s common stock is...Required information[The following information applies to the questionsdisplayed below.]Raphael Corporation’s common stock is currently selling on a stockexchange at $159 per share, and its current balance sheet shows thefollowing stockholders’ equity section:Preferred stock—5% cumulative,$___ par value, 1,000 sharesauthorized, issued, and outstanding$50,000Common stock—$___ par value,4,000 shares authorized, issued,and outstanding200,000Retained earnings330,000Total stockholders' equity$580,0003. If no dividends are in arrears, what is thebook value per share of common stock?Required information[The following information applies to the questionsdisplayed below.]Raphael Corporation’s common stock is currently selling on a stockexchange at $159 per share, and its current balance sheet shows thefollowing stockholders’ equity section:Preferred stock—5% cumulative,$___ par value, 1,000 sharesauthorized, issued, and outstanding$50,000Common stock—$___ par value,4,000 shares authorized, issued,and outstanding200,000Retained earnings330,000Total stockholders' equity$580,0003. If no dividends are in arrears, what is thebook value per share of common stock?Required information[The following information applies to the questionsdisplayed below.]Raphael Corporation’s common stock is currently selling on a stockexchange at $159 per share, and its current balance sheet shows thefollowing stockholders’ equity section:Preferred stock—5% cumulative,$___ par value, 1,000 sharesauthorized, issued, and outstanding$50,000Common stock—$___ par value,4,000 shares authorized, issued,and outstanding200,000Retained earnings330,000Total stockholders' equity$580,0003. If no dividends are in arrears, what is thebook value per share of common stock?