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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 31,2020: Common shares (500,000 outstanding shares) Preferred shares (8 percent; 21,000 outstanding shares) Retained earnings $500,000210,000900,000 On December 31,2020, the board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during 2018 or 2019. Three independent cases are assumed: Case A: The preferred shares are non-cumulative; the total amount of 2020 dividends would be $30,000. Case B: The preferred shares are cumulative; the total amount of 2020 dividends would be $30,000. Dividends were not in arrears prior to 2018. Case C: Same as Case B, except the amount is $75,000. Required: 1-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 0001-b. Compute the amount of dividend per share, payable to each class of shareholders for each case. (Round your answers to 2 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 C and assume that the company issued a 10 percent common stock dividend on the outstanding common shares when
the market value per share was $47. Complete the following comparative schedule for common shares only, including an explanation
the differences.
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