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 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $76,000; third year, $100,000; fourth year, $120,000. 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". 2nd Year Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 0.49 0.71 .07
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 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $76,000; third year, $100,000; fourth year, $120,000. 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". 2nd Year Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 0.49 0.71 .07
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please only answer 3rd and 4th year.
Thank you

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
SS
eveloper of radiology equipment, has
follows: 70,000 shares of cumulative
20 par and 400,000 shares of $25 par
ears of operations, the following amounts
ividends: first year, $34,000; second year,
0,000; fourth year, $120,000.
nds per share on each class of stock for
s. Round all answers to two decimal
Is are paid in a given year, enter "0.00".
2nd Year
e)
1st Year
0.49
0.71
.07
3rd Year
100
4th Year
00
?

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
Seventy-Two Inc., a developer of radiology equipment, has
stock outstanding as follows: 70,000 shares of cumulative
preferred 3% stock, $20 par and 400,000 shares of $25 par
common.
During its first four years of operations, the following amounts
were distributed as dividends: first year, $34,000; second year,
$76,000; third year, $100,000; fourth year, $120,000.
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)
1st Year
0.49 ✔
2nd Year
0.71
.07
с
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