Question
eBook Show Me How Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3%
eBook
Show Me How
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 405,000 shares of $25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $73,000; third year, $90,000; 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 "0.00".
1st Year | 2nd Year | 3rd Year | 4th Year | |
Preferred stock (dividends per share) | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 |
Common stock (dividends per share) | fill in the blank 5 | fill in the blank 6 | fill in the blank 7 | fill in the blank 8 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started