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The shareholders' equity of Sarikas Company includes the items shown below. The board of directors of Sarikas declared cash dividends of $ 3 . 7
The shareholders' equity of Sarikas Company includes the items shown below. The board of directors of Sarikas declared cash
dividends of $ million, $ million, and $ million in each of its first three years of operation: and
respectively.
Common stock, $ par, shares outstanding
Preferred stock, $ par, shares outstanding
Required:
Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is
cumulative and nonparticipating.
Note: Round your final answers to decimal places.
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