Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 18,000 shares of cumulative preferred 4% stock, $130 par, and 60,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $62,640; second year, $134,560; third year, $171,240; fourth year, $205,200. 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. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $ $ $ $ Common stock (dividend per share) $ $ $ $
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 18,000 shares of cumulative preferred 4% stock, $130 par, and 60,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $62,640; second year, $134,560; third year, $171,240; fourth year, $205,200. 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. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $ $ $ $ Common stock (dividend per share) $ $ $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dividends Per Share
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 18,000 shares of cumulative preferred 4% stock, $130 par, and 60,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $62,640; second year, $134,560; third year, $171,240; fourth year, $205,200.
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.
| 1st Year | 2nd Year | 3rd Year | 4th Year | ||
| Preferred stock (dividend per share) | $ | $ | $ | $ | |
| Common stock (dividend per share) | $ | $ | $ | $ |
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