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, $31,000; second year, $73,000; third year, $100,000; 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". Line Item Description 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) $fill in the blank 1 0.44 $fill in the blank 2 $fill in the blank 3 0.6 $fill in the blank 4 0.6 Common stock (dividends per share) fill in the blank 5 0 fill in the blank 6 0.05 fill in the blank 7 0.14 fill in the blank 8 0.14
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Dividends per share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stoc $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, $31,000; second year, $73,000; year, $100,000; 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 "0Step by Step Solution
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