Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 1% stock, $130 par, and 77,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $20,010; second year, $49,790; third year, $83,440; fourth year, $145,400. Compute the dividend 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, leave it blank. Preferred stock (dividend per share) Common stock (dividend per share) $ 1st Year 2nd Year 3rd Year 4th Year $ $ $
Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 1% stock, $130 par, and 77,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $20,010; second year, $49,790; third year, $83,440; fourth year, $145,400. Compute the dividend 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, leave it blank. Preferred stock (dividend per share) Common stock (dividend per share) $ 1st Year 2nd Year 3rd Year 4th Year $ $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Dividends Per Share
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 1% stock, $130 par, and
77,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $20,010; second year,
$49,790; third year, $83,440; fourth year, $145,400.
Compute the dividend 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, leave it blank.
Preferred stock (dividend per share)
Common stock (dividend per share)
$
1st Year
2nd Year
3rd Year
4th Year
$
$
$
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