Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 2% stock, $120 par, and 77,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $37,030; second year, $83,370; third year, $111,160, fourth year, $149,140. Show Me How 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 2% stock, $120 par, and 77,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $37,030; second year, $83,370; third year, $111,160, fourth year, $149,140. Show Me How 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 2% stock, $120 par, and 77,000 shares of $25
par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $37,030; second year, $83,370; third year, $111,160, fourth
year, $149,140.
Show Me How
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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