Question
Dividends Per Share Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 1% stock, $140 par, and
Dividends Per Share Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 1% stock, $140 par, and 50,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $14,100; second year, $19,500; third year, $58,900; fourth year, $103,000. 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".
Preferred stock (dividend per share) Common stock (dividend per share)
1st Year
2nd Year
3rd Year
4th Year
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