1. EX.12-01.ALGO 2. EX.12-03.BLANKSHEET.AL... . 3. EX.12-08.BLANKSHEET.AL... 4.

Question

1. EX.12-01.ALGO 2. EX.12-03.BLANKSHEET.AL... . 3. EX.12-08.BLANKSHEET.AL... 4. EX.12-11.ALGO Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 81,800 shares of cumulative preferred 4% stock, $15 par, and 401,700 shares of $26 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $56,300 ; second year, $76,000 ; third year, $79,600 ; fourth year, $100,900. 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". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) Common stock (dividends per share) 5. EX.12-12 6. EX.12-13.BLANKSHEET.AL... 7. EX.12-15.ALGO 8. EX.12-17.BLANKSHEET.AL... • 9. EX.12-20.ALGO 10. EX.12-21.BLANKSHEET 11. EX.12-22.ALGO 12. PR.1201.ALGO 13. PR.12-03.BLANKSHEET.A... • 14. PR.12-05.BLANKSHEET.A.. .

Explanation / Answer

Calculate Dividend Distributation and dividend per share :

Annual preferred diviend = (81800*15*4%) = 49080

1st year 2nd year 3rd year 4th year Preferred dividend 49080 49080 49080 49080 Preferred dividend per share 0.60 0.60 0.60 0.60 Common stock 7220 26920 30520 51820 Common stock dividend per share 0.02 0.07 0.08 0.13

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