Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 16,000 shares of cumulative preferred 1% stock, $150 par, and 53,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $16,160; second year, $41,840; third year, $65,240; fourth year, $112,510. 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 1.01 2nd Year 2.62 X 3rd Year 4.07 X 4th Year 7.02 X
Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 16,000 shares of cumulative preferred 1% stock, $150 par, and 53,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $16,160; second year, $41,840; third year, $65,240; fourth year, $112,510. 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 1.01 2nd Year 2.62 X 3rd Year 4.07 X 4th Year 7.02 X
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Dividends Per Share
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 16,000 shares of cumulative preferred 1% stock,
$150 par, and 53,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as
dividends: first year, $16,160; second year, $41,840; third year, $65,240; fourth year, $112,510.
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
1.01
2nd Year
2.62 X
3rd Year
4.07 X
4th Year
7.02 X
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