Dividends per share Oceanic Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 $37,500 12,000 45,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock (dividends per share) 20Y1 $ 1.00 20Y2 0.80 20Y3 0X Common Stock (dividends per share) 0.45 A 0 0.54 Feedback Check My Work Determine what amount of current dividends that preferred stock should receive per year. Keep in mind that the question is asking for a dividend per share for each year and class of stock, rather than the total amount to be distributed to each class of stock.

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
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Dividends per share
Oceanic Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $5 par
common stock. The following amounts were distributed as dividends:
20Y1
20Y2
20Y3
$37,500
12,000
45,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to two
decimal places. If an answer is zero, enter '0'.
Preferred Stock
(dividends per share)
20Y1
$
1.00
20Y2
0.80
20Y3
0X
Common Stock
(dividends per share)
0.45
A
0
0.54
Feedback
Check My Work
Determine what amount of current dividends that preferred stock should receive per year.
Keep in mind that the question is asking for a dividend per share for each year and class of stock,
rather than the total amount to be distributed to each class of stock.
Transcribed Image Text:Dividends per share Oceanic Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 $37,500 12,000 45,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Preferred Stock (dividends per share) 20Y1 $ 1.00 20Y2 0.80 20Y3 0X Common Stock (dividends per share) 0.45 A 0 0.54 Feedback Check My Work Determine what amount of current dividends that preferred stock should receive per year. Keep in mind that the question is asking for a dividend per share for each year and class of stock, rather than the total amount to be distributed to each class of stock.
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