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Sunland Inc. had the following activity during 2024: The interest coverage ratio during 2024 is 5.79. 14.15. 5.59. 9.89. Sunland Developments Inc. has $188000 of
Sunland Inc. had the following activity during 2024: The interest coverage ratio during 2024 is 5.79. 14.15. 5.59. 9.89. Sunland Developments Inc. has $188000 of no-par value 4% cumulative preferred shares, and 11280 shares of no-par value common shares outstanding. In its first three years of operation, the company paid cash dividends as follows: Year 1: $7520; Year 2: $16920; and Year 3:$22560. The amount of dividends received by the common shareholders in year 1 was $3760. $7520. $0. $11280
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