Dividends Per Share Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 3% stock, $140 par, and 77,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $64,630; second year, $89,930; third year, $176,820; fourth year, $212,100. Calculate 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".

Dividends Per Share Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 3% stock, $140 par, and 77,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $64,630; second year, $89,930; third year, $176,820; fourth year, $212,100. Calculate the dividends per share on each class of stock for each of the four years. Round a answers to two decimal places. If no dividends are paid in a given year, enter "0". 2nd Year 3rd Year 4th Year 1st Year Preferred stock (dividend per share) 4.2 4.2 X 4.2 X 4.2 X 2.30 X 2.75 X Common stock (dividend per share) 0.84. X 1.17 X Feedback Check My Work ls the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock should receive per year s the question asking for a per share amount or total amount per class of stock? Learning Objective 3