Question
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative preferred 2% stock, $160 par, and
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative preferred 2% stock, $160 par, and 73,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $47,080; second year, $103,720; third year, $135,790; fourth year, $174,060. 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".
Preferred Stock (Dividend per share) Year 1 : ? Year 2 : ? Year 3 : 3.2 Year 4 : 3.2
Common Stock (Dividend per share) Year 1 : 0 Year 2 : 0.14 Year 3 : 0.90 Year 4 : 1.42 (I posted this question earlier, the answers that i already have next to the years above are correct. Two of the answers were wrong whoever answered my question, so I am posting this again. Can someone answer Preferred stock (Dividend per share) year 1 and year 2? ASAP).
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