195.A company has 2,000,000 common shares authorized, 400,000 common shares issued, and 15,000 common shares in treasury stock at the current year-end. It paid $0.96 per share cash dividends during the year. The year-end market price of the stock is $15. Calculate (1) the total dividends paid and (2) the dividend yield.
196.Avro Corporation has $875,000 in stockholders' equity and 350,000 weighted-average shares of common stock outstanding. Calculate the book value per common share.
197.A company has $2,400,000 in stockholders' equity that includes 500 shares of $50 par value noncallable preferred stock outstanding and 250,000 shares of common stock outstanding. Calculate the book value per (1) preferred share, and (2) common share.
198.A company reports the following stockholders' equity:
199.The stockholders' equity section of a company's year-end balance sheet follows:
Preferred stock, $50 par value, 9% cumulative and nonparticipating, 10,000 shares outstanding$500,000
Paid-in capital in excess of par value, preferred stock50,000
Total capital paid-in by preferred stockholders$550,000
Common stock, $0.50 par value, 1,500,000 shares outstanding$750,000
Paid-in capital in excess of par value, common stock150,000
Total capital paid-in by common stockholders900,000
Total paid-in capital$1,450,000
Retained earnings1,690,000
Total stockholders’ equity$3,140,000
The preferred stock has a call price of $51.50 per share plus dividends in arrears. Only one year of dividends is in arrears. Calculate the book value per (1) preferred share, and (2) common share.
200.A corporation reports the following year-end stockholders' equity:
Paid-in capital:
Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued$2,500,000
Paid-in capital in excess of par, Preferred125,000
Common stock, $1 par, 5,000,000 shares authorized, 4,000,000 shares issued4,000,000
Paid-in capital in excess of par, Common1,200,000
Total paid-in capital$7,825,000
Retained earnings10,775,000
Total stockholders’ equity$18,600,000
Determine the following:
(1) Par value for the preferred stock.
(2) Book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in arrears.