Question
Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 1% stock, $120 par,
Dividends Per Share
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 1% stock, $120 par, and 43,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $10,400; second year, $30,800; third year, $48,070; fourth year, $88,700.
Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank.
1st Year2nd Year3rd Year4th YearPreferred stock (dividend per share)$fill in the blank 1$fill in the blank 2$fill in the blank 3$fill in the blank 4Common stock (dividend per share)$fill in the blank 5$fill in the blank 6$fill in the blank 7$fill in the blank 8Step by Step Solution
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