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Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 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: 80,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 per common. During its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; second year, $76,000; third year. $90,000; 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". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) 0.50 0.70 X 0.60 0.60 Common stock (dividends per share) 0 0.08 X 0.11 0.16 x
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