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EX 13-1 Dividend per share 1 OBJ. 3 Internal Insights Inc., a developr of radiology equipment, has stock outstanding as foHlows: 70,000 shares of cumulative
EX 13-1 Dividend per share
1
OBJ. 3
Internal Insights Inc., a developr of radiology equipment, has stock outstanding as
foHlows: 70,000 shares of cumulative preferred 2% stock, $60 par, and 100,000 shares of
$10 par common. During its first four years of operations, the following amounts were
distributed as dividends: first year, $49,000; second year, $132,000; third year, $146,000;
fourth year, $160,000. Compute the dividend per share on each class of stock for each of
the four years.
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