Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of $25 par common. HOW During its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; second year, $74,000; third year, $80,000; fourth year, $100,000. Determine the dividends 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, enter "0.00". Preferred stock (dividends per share) Common stock (dividends per share) Feedback 1st Year 0.44 0.00 2nd Year 0.74 X 0.07 X $ 3rd Year 0.60 ✔ 0.10 X $ 4th Year 0.60 ✔ 0.20 X

Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of $25 par common. HOW During its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; second year, $74,000; third year, $80,000; fourth year, $100,000. Determine the dividends 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, enter "0.00". Preferred stock (dividends per share) Common stock (dividends per share) Feedback 1st Year 0.44 0.00 2nd Year 0.74 X 0.07 X $ 3rd Year 0.60 ✔ 0.10 X $ 4th Year 0.60 ✔ 0.20 X

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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