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can someone please help me with this question? Thank you! Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows:
can someone please help me with this question? Thank you!
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 16,000 shares of cumulative preferred 2% stock, $150 par, and 53,000 shares of $25 par common During its first four years of operations, the following amounts were distributed as dividends: first year, $32,160; second year, $73,840: third year, $93,170; fourth year, $120,080. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $ Common stock (dividend per share)Step by Step Solution
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