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Ritz Company had the following shares outstanding and Retained Earnings at December 31, 2017: Common shares (589,880 outstanding shares) Preferred shares (8 percent; 21,eee outstanding
Ritz Company had the following shares outstanding and Retained Earnings at December 31, 2017: Common shares (589,880 outstanding shares) Preferred shares (8 percent; 21,eee outstanding shares) Retained earnings $500,eee 210,000 980, eee On December 31, 2017, the board of directors is considering the distribution of a cash dividend to the common and preferred shareholders. No dividends were declared during 2015 or 2016. Three Independent cases are assumed: Case A: The preferred shares are non-cumulative; the total amount of 2017 dividends would be $30,000. Case B: The preferred shares are cumulative; the total amount of 2017 dividends would be $30,000. Dividends were not in arrears prior to 2015 Case C: Same as Case B, except the amount is $75,eee. 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 0 0 0 1-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 Common
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