Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 1% stock, $120 par, and 63,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $15,200; second year, $40,400; third year, $64,680; fourth year, $114,150 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 "O" 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 0.80 2.13X 1.20 1.20 Common stock (dividend per share) 0.66 1.45 eedback
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 1% stock, $120 par, and 63,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $15,200; second year, $40,400; third year, $64,680; fourth year, $114,150 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 "O" 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 0.80 2.13X 1.20 1.20 Common stock (dividend per share) 0.66 1.45 eedback
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: 19,000 shares of cumulative preferred 1% stock, $120 par, and 63,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed
as dividends: first year, $15,200; second year, $40,400; third year, $64,680; fourth year, $114,150
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 "O"
1st Year
2nd Year
3rd Year
4th Year
Preferred stock (dividend per share)
0.80
2.13X
1.20
1.20
Common stock (dividend per share)
0.66
1.45
eedback
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