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Please show all work! Thanks! Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred
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Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 396 stock, $20 par, and 410,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, 3 0 second year S7 000 hird year S80. 0 0 year. S12 000. 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"0.00". 4th Year 0.60 0.19 1st Year 2nd Year 3rd Year s 0.43- ( 1.05) xsL 1.11 xt_o.6@w Preferred stock (dividends per share) Common stock (dividends per share) 0.00 0.00 0.6 XStep by Step Solution
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