Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $15 par, and 401,500 shares of $23 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $56,300 ; second year, $76,600 ; third year, $79,500 ; fourth year, $99,200 .

Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0".

Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $15 par, and 401,500 shares of $23 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $56,300 ; second year, $76,600 ; third year, $79,500 ; fourth year, $99,200. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "O". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) 0.45 Common stock (dividends per share) $ Feedback Check My Work Is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock should receive per year. Is the question asking for a per-share amount or total amount per class of stock? Learning Objective 2