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 405,000 shares of $25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $73,000; third year, $90,000; fourth year, $100,000.
Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00".
1st Year2nd Year3rd Year4th YearPreferred stock (dividends per share)$fill in the blank 1$fill in the blank 2$fill in the blank 3$fill in the blank 4Common stock (dividends per share)fill in the blank 5fill in the blank 6fill in the blank 7fill in the blank 8
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started