Question
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 81,000 shares of cumulative preferred 3% stock, $15 par, and 400,300 shares of
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 81,000 shares of cumulative preferred 3% stock, $15 par, and 400,300 shares of $24 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $55,000 ; second year, $76,900 ; third year, $79,700 ; fourth year, $101,600 .
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".
Year 1
Preferred Stock: ______
Common Stock: _______
Year 2
Preferred Stock: _____
Common Stock: ______
Year 3
Preferred Stock: ______
Common stock: ______
Year 4
Preferred stock: ______
Common Stock: ______
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