Question
Dividends per share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and
Dividends per share
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $76,000; third year, $80,000; fourth year, $100,000.
Determine 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 "O".
1st year
Preferred Stock (dividends per share) __
Common Stock (dividends per)__
2nd year
Preferred Stock (dividends per share)__
Common Stock (dividends per share)
3rd year
Preferred Stock (dividends per share)
Common Stock (dividends per share)
4th year
Preferred Stock (dividends per share)
Common Stock (dividends per share)
im not sure how to get the answer can you please provide an explanation with each year please
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