Question
Need help figuring out year 2 through 4 Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares
Need help figuring out year 2 through 4
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, $75,000; third year, $100,000; fourth year, $110,000.
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) | 0.49 | |||
Common stock (dividends per share) | 0 |
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