Question
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 2% stock, $150 par, and 67,000 shares
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 2% stock, $150 par, and 67,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $40,200; second year, $89,800; third year, $126,880; fourth year, $179,260. 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) $ fill in the blank 1 $ fill in the blank 2 $ fill in the blank 3 $ fill in the blank 4 Common stock (dividend per share) $ fill in the blank 5 $ fill in the blank 6 $ fill in the blank 7 $ fill in the blank 8
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