Question
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 21,000 shares of cumulative preferred 4% stock, $130 par, and 70,000 shares
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 21,000 shares of cumulative preferred 4% stock, $130 par, and 70,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $73,080; second year, $155,320; third year, $189,980; fourth year, $212,100.
Compute the dividend 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, leave it blank.
1st Year | 2nd Year | 3rd Year | 4th Year | |
Preferred stock (dividend per share) | ||||
Common stock (dividend per share) |
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