What is the amount of legal capital and the amount of total

Reference no: EM13598040

The year-end balance sheet of Jackson Products, INC., includes the following stockholders' equity section (with certain details ommited):

Stockholders' equity:
Capital stock:

7% cumulative preferred stock, $100 par value----$15,000,000
Common stock, $5 par value, 5,000,000 shares authorized, 4,000,000 shares issued and outstanding--------20,000,000
Additional paid-in capital:
Commond stock---------------------------44,000,000
Retained earnings-----------------------64,450,000
Total stockholder' equity---------------$143,450,000

From this information, compute answers to the following questions:

a. How many shares of preferred stock have been issued?
b. What is the total amount of the annual dividends to which preferred stockholders are entitled
C. Average price for insurance price per common stock?
D. What is the amount of legal capital and the amount of total paid-in capital?
e. What is the book value per share of common stock?

Reference no: EM13598040

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