Question
Dividends Per Share Michelangelo Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative 1%, preferred stock of $25 par, and
Dividends Per Share
Michelangelo Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative 1%, preferred stock of $25 par, and 13,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $1,000; second year, $1,300; third year, $15,470; fourth year, $37,470.
Calculate 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) | $ | $ | $ | $ |
Common stock (dividend per share) | $ | $ | $ | $ |
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