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Ritz Company had the following stock outstanding and Retained Earnings at December 31. 2015: Common stock (par S1f: outstanding, 490,00 shares) Preferred stock, 7% (par
Ritz Company had the following stock outstanding and Retained Earnings at December 31. 2015: Common stock (par S1f: outstanding, 490,00 shares) Preferred stock, 7% (par $10; outstanding; 20,900 shares Retained earnings 490,000 209.000 899.000 On December 31, 2015. the board of directors is considering the distribution of a cash dividend to the common and preferred stockholders. No dividends were declared during 2013 or 2014. Three independent cases are assumed Case A: The preferred stockis late; the total amount of 2015 dividends would be $29,000 Case B: The preferred stock is cumulative: the total amount of 2015 dividends would be 529.000 Case C: Same as Case B, except the amount is $74.000. Required: 1-a. Compute the amount of dividends in total payable to each class of stockholders if dividends were ividends were not in arrears prior to 2013 declared as described in each case. Case A Case B Case C Preferred Common Total 0 $ 0 1-b. Compute the amount of dividends per share payable to each olass of stockholders if dividends were declared as described in each case. (Round your answers to 2 decimal place Case ACase B Case C Preferred Common
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