Compute the dividends per share on each class of stock for each of the four years. Round all answers to tW8 decimal places. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year Preferred stock (dividend per share) Common stock (dividend per share)
Compute the dividends per share on each class of stock for each of the four years. Round all answers to tW8 decimal places. If no dividends are paid in a given year, enter "0". 1st Year 2nd Year 3rd Year Preferred stock (dividend per share) Common stock (dividend per share)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Dividends Per Share
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of
cumulative preferred 4% stock, $140 par, and 67,000 shares of $10 par common. During its first four years of
operations, the following amounts were distributed as dividends: first year, $75,000; second year, $159,0003;
third year, $192,980; fourth year, $212,500.
Compute 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
Preferred stock (dividend per share)
$4
Common stock (dividend per share)
$4
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