Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 14,000 shares of cumulative preferred 4% stock, $120 par, and 47,000 shares of $10 par common. During its first four years of operations, the following amounts were distribute as dividends: first year, $45,080; second year, $99,320; third year, $117,580; fourth year, $132,530. 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 3.22 0 ✓ $ 2nd Year 1.58 X 0.21 ✓ $ 3rd Year 4.80 1.07 ✓ $ 4th Year 4.80 1.39 ✔
Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 14,000 shares of cumulative preferred 4% stock, $120 par, and 47,000 shares of $10 par common. During its first four years of operations, the following amounts were distribute as dividends: first year, $45,080; second year, $99,320; third year, $117,580; fourth year, $132,530. 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 3.22 0 ✓ $ 2nd Year 1.58 X 0.21 ✓ $ 3rd Year 4.80 1.07 ✓ $ 4th Year 4.80 1.39 ✔
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: 14,000 shares of cumulative preferred 4%
stock, $120 par, and 47,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed
as dividends: first year, $45,080; second year, $99,320; third year, $117,580; fourth year, $132,530.
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
3.22
$
2nd Year
1.58 X
0.21
$
$
3rd Year
4.80
1.07
$
4th Year
4.80
1.39
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