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Dividends per share Zair Company has 30000 shares of cumulative preferred 2% stock, 150 par and 50000 shares of $30 par commom stock. The following
Dividends per share
Zair Company has 30000 shares of cumulative preferred 2% stock, 150 par and 50000 shares of $30 par commom stock. The following amounts were distributed as dividends
20Y1 180,000
20Y2 36,000
20Y3 270,000
Determine the dividends per share for preferred and common stock each year. Round all answers to two decimal places.
Preferred Stock Common stock
( dividends per share) (dividends per share)
20Y1 ___________ ____________
20Y2 ___________ ___________
20Y3 ___________ __________
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