Dividends Per Share Oceanic Company has 25,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 2013 $112,500 60,000 225,000 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'. 20Y1 20Y2 20Y3 Preferred Stock (dividends per share) Common Stock (dividends per share)
Dividends Per Share Oceanic Company has 25,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 2013 $112,500 60,000 225,000 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'. 20Y1 20Y2 20Y3 Preferred Stock (dividends per share) Common Stock (dividends per share)
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 4FPE
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![Module 6 Problem Set
1. EX.12.01.ALGO
2. EX.11.01
3. BE.12.06.ALGO
4. BE.12.03.ALGO
5. BE.12.08.ALGO
6. BE.12.01.ALGO
7. BE.12.07
8. BE.11.07
Dividends Per Share
Oceanic Company has 25,000 shares of cumulative preferred
2% stock, $150 par and 50,000 shares of $10 par common
stock. The following amounts were distributed as dividends:
20Y1
20Y2
20Y3
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'.
20Y1
20Y2
20Y3
$112,500
60,000
225,000
Preferred Stock
(dividends per share)
$
Common Stock
(dividends per share)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F52bd3cfe-3c9b-40ce-8732-3b0b81ba9280%2Fff6fe750-7b0e-4d01-994f-d702fb92a10f%2Fk29d0sl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Module 6 Problem Set
1. EX.12.01.ALGO
2. EX.11.01
3. BE.12.06.ALGO
4. BE.12.03.ALGO
5. BE.12.08.ALGO
6. BE.12.01.ALGO
7. BE.12.07
8. BE.11.07
Dividends Per Share
Oceanic Company has 25,000 shares of cumulative preferred
2% stock, $150 par and 50,000 shares of $10 par common
stock. The following amounts were distributed as dividends:
20Y1
20Y2
20Y3
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'.
20Y1
20Y2
20Y3
$112,500
60,000
225,000
Preferred Stock
(dividends per share)
$
Common Stock
(dividends per share)
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