ividends Per Share 2% stock, $120 par, and 60,000 shares of $20 per 28,980; seco

ID: 2567666 • Letter: I

Question

ividends Per Share 2% stock, $120 par, and 60,000 shares of $20 per 28,980; second year, $67,420; third year, $100,680, fourth a developer of radiology equipment, has stock outstanding as follows: 18,000 shares of cumulative preferred common. During its first four years of operations, the following amounts were distributed as dividends: first year year, $154,800. 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 pa 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share)

Explanation / Answer

= $28980 / 18000 shares

= $1.61

= $67420 / 18000 shares

= $3.75

= $100680 / 18000 shares

= $5.59

= $154800 / 18000 shares

= $8.6

= $28980 / 60000 shares

= $0.483

= $67420 / 60000 shares

= 1.124

= $100680 / 60000 shares

= $1.678

= $154800 / 60000 shares

= $2.58.

Ist year IInd year IIIrd year IV year Preferred stock (Dividend per share)