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Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock $20 pwr and
Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock $20 pwr and 405.000 shares of $25 par common. During its first four years of operations the following amounts were distributed as dividends: first year $31,000: second year $74,000; third yeas $100,000: fourth year. $110.000. 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" Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 2nd Year 3rd Year 4th Year
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