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Sandpiper Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed
Sandpiper Company has 20,000 shares of cumulative preferred 1% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:
Year 1 | $15,000 |
Year 2 | 4,000 |
Year 3 | 30,000 |
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places.
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