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Ritz Company had the following shares outstanding and Retained Earnings at December 3 1 , 2 0 2 0 : Common shares ( 5 0
Ritz Company had the following shares outstanding and Retained Earnings at December : Common shares outstanding shares Preferred shares percent; outstanding shares Retained earnings $ On December the board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during or Three independent cases are assumed: Case A: The preferred shares are noncumulative; the total amount of dividends would be $ Case B: The preferred shares are cumulative; the total amount of dividends would be $ Dividends were not in arrears prior to Case C: Same as Case B except the amount is $ Required: a Compute the amount of dividends, in total, payable to each class of shareholders for each case. Case A Case B Case C Preferred Common Total b Compute the amount of dividend per share, payable to each class of shareholders for each case. Round your answers to decimal places. Case A Case B Case C Preferred CommonRequired:
Compute the amount of dividends, in total and per share, payable to each class of shareholders for each case.
Refer to Case and assume that the company issued a percent common stock dividend on the outstanding common shares when
the market value per share was $ Complete the following comparative schedule for common shares only, including an explanation
the differences.
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