Reference no: EM132564142
You are given with stockholder equity section of Steiner Corporation as on Dec-31,2017
STEINER CORPORATION
Stockholders' equity
As on December 31, 2017
12% Share capital-preference, $100 par............................................................... $ 500,000
Share capital-ordinary, $10 par, .......................................................................... 2,000,000
Additional capital
Preference ............................................................................................................. .$ (280,000)
Ordinary......................................................................................................................... 800,000
Retained earnings .....................................................................................................1, 334,000
Less: Treasury (10,000 shares.......................................................................... (120,000)
Total equity ................................................................................................$ 4,234,,000
Required:
Question 1: On the basis of above information calculate the following for Steiner Corporation
i. Number of Preferred shares Issued by the company.
ii. Number of Ordinary shares Issued by the company.
iii. Amount of dividend to be paid by company in respect of preferred stocks.
iv. Average issue price of common shares
v. Average issue price of preferred shares