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please help and explain step by step... thank you Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 11,000
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Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 11,000 shares of cumulative preferred 4% stock, $120 par, and 37,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $35,420; second year, $80,180; third year, $92,420; fourth year, $104,230. Compute 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) 0.67 X $ 1.52 X $ 1.19 X $ 4.80 Common stock (dividend per share) $ $ $ 0.80 X $ 1.39Step by Step Solution
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