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Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 10,000 shares of cumulative preferred 2% stock, $110 par, and
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 10,000 shares of cumulative preferred 2% stock, $110 par, and 33,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $14,700; second year, $39,300; third year, $47,300; fourth year, $67,870. 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) 1.47 1.34 x $ 2.15 x 3.08 X Common stock (dividend per share) 0 0.10 x $ 0.25 x 0.45 X
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