Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 17,000 shares of cumulative preferred 4% s $130 par, and 57,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed dividends: first year, $59,160; second year, $127,640; third year, $156,820; fourth year, $180,170. 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 4th Year Preferred stock (dividend per share) Common stock (dividend per share)

Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 17,000 shares of cumulative preferred 4% s $130 par, and 57,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed dividends: first year, $59,160; second year, $127,640; third year, $156,820; fourth year, $180,170. 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 4th Year Preferred stock (dividend per share) Common stock (dividend per share)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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