Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 25,000 shares of cumulative preferred 1% stock, $120 par, and 83,000 shares of $25 par common. During its first four years of operations, the following amounts were distribute as dividends: first year, $20,000; second year, $50,000; third year, $93,460; fourth year, $172,760. 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: 25,000 shares of cumulative preferred 1% stock, $120 par, and 83,000 shares of $25 par common. During its first four years of operations, the following amounts were distribute as dividends: first year, $20,000; second year, $50,000; third year, $93,460; fourth year, $172,760. 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
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Transcribed Image Text:Dividends Per Share
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 25,000 shares of cumulative preferred 1%
stock, $120 par, and 83,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed
as dividends: first year, $20,000; second year, $50,000; third year, $93,460; fourth year, $172,760.
3
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)
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