2. EX.12-0IALGO (Algorithmic) Dividends Per Share Seventy-Two Inc., a developer

Question

2. EX.12-0IALGO (Algorithmic) Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as flows: 81,900 shares of a rulative preferred 4% stoa, SIS par, and 400, 100 share four years of operations, the following amounts were distributed as dividends: first year, $55,500:seoond year, $77,500 third year, $80,400:fourth year, $100,100 S24 par annon. ang 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 rd Year Preferred stock (dividends per share)

Explanation / Answer

Calculate dividend per share :

Preferred dividend

(81900*15*4%)

1st year 2nd year 3rd year 4th year

Preferred dividend

(81900*15*4%)

49140 49140 49140 49140 Preferred dividend per share 0.60 0.60 0.60 0.60 Common stock dividend 6360 28360 31260 50960 Common dividend per share 0.02 0.07 0.08 0.13

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