Question
Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 1% stock, $150 par,
Dividends Per Share
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 1% stock, $150 par, and 40,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $12,120; second year, $33,880; third year, $47,080; fourth year, $79,200.
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 Year | 2nd Year | 3rd Year | 4th Year | |
Preferred stock (dividend per share) | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 |
Common stock (dividend per share) | $fill in the blank 5 | $fill in the blank 6 | $fill in the blank 7 | $fill in the blank 8 |
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