Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of cumulative preferred 3% stock, $140 par, and 80,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $67,440; second year, $144,160; third year, $184,320; fourth year, $220,800. 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
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of cumulative preferred 3% stock, $140 par, and 80,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $67,440; second year, $144,160; third year, $184,320; fourth year, $220,800. 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: 24,000 shares of cumulative preferred 3% stock, $140 par,
and 80,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $67,440;
second year, $144,160; third year, $184,320; fourth year, $220,800.
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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