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Fairmount Inc., a developer of radiology equipment, hasstockoutstanding as follows: 21,000 shares of cumulative preferred 2% stock, $160par, and 70,000 shares of $10 par common.
Fairmount Inc., a developer of radiology equipment, hasstockoutstanding as follows: 21,000 shares of cumulative preferred 2% stock, $160par, and 70,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $44,940; second year, $62,580; third year, $123,480; fourth year, $149,100.
Calculate 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".
1st Year | 2nd Year | 3rd Year | 4th Year | |
Preferred stock (dividend per share) | $ | $ | $ | $ |
Common stock (dividend per share) | $ | $ | $ | $ |
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