Ritz Company had the following stock outstanding and Retained Earnings at December 31, 2018: Common stock (par $1; outstanding, 470,000 shares) Preferred stock, 9% (par $10; outstanding, 20,700 shares) Retained Earnings $ 470,000 207,000 897,000 On December 31, 2018, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2016 or 2017. Three independent cases are assumed: Case A: Case B: The preferred stock is noncumulative; the total amount of 2018 dividends would be $27,000. The preferred stock is cumulative; the total amount of 2018 dividends would be $27,000. Dividends were not in arrears prior to 2016. Same as Case B, except the amount is $72,000. Case C: Required: 1-a. Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in each case 1-b. Compute the amount of dividends per share payable to each class of stockholders if dividends were declared as described in each case. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in each case.............. Case A Case B Case C Preferred Common Total Ritz Company had the following stock outstanding and Retained Earnings at December 31, 2018: Common stock (par $1; outstanding, 470,000 shares) Preferred stock, 9% (par $10; outstanding, 20,700 shares) Retained Earnings $ 470,000 207,000 897,000 On December 31, 2018, the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2016 or 2017. Three independent cases are assumed: Case A: Case B: The preferred stock is noncumulative; the total amount of 2018 dividends would be $27,000. The preferred stock is cumulative; the total amount of 2018 dividends would be $27,000. Dividends were not in arrears prior to 2016. Same as Case B, except the amount is $72,000. Case C: Required: 1-a. Compute the amount of dividends in total payable to each class of stockholders if dividends were declared as described in each case. 1-b. Compute the amount of dividends per share payable to each class of stockholders if dividends were declared as described in each case. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Compute the amount of dividends per share payable to each class of stockholders if dividends were declared as described in each case. (Round your answers to 2 decimal places. . Case A Case B Case C Preferred Common
