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Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative preferred 3% stock, $130
Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative preferred 3% stock, $130 par, and 73,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $57,420; second year, $124,180; third year, $152,970; fourth year, $177,050. 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. Preferred stock (dividend per share) Common stock (dividend per share) 1st Year 2nd Year 2.61 $ 0 3rd Year 4th Year $ 3,650 X $ 3,650 X $
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