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Dividends Per Share Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The
Dividends Per Share
Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The following amounts were distributed as dividends:
Year 1 | $21,600 |
Year 2 | 4,000 |
Year 3 | 100,800 |
Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places.
Preferred Stock (dividend per share) | Common Stock (dividend per share) | |
Year 1 | $ | $ |
Year 2 | $ | $ |
Year 3 | $ | $ |
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