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, $32,000; second year, $72,000; third year, $100,000; fourth year, $120,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet 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". Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 30 2nd Year 00 3rd Year 00 . 4th Year 00
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, $32,000; second year, $72,000; third year, $100,000; fourth year, $120,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet 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". Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 30 2nd Year 00 3rd Year 00 . 4th Year 00
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text: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, $32,000; second year, $72,000; third year, $100,000; fourth year,
$120,000.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.
X
Open spreadsheet
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".
Preferred stock (dividends per share)
Common stock (dividends per share)
1st Year
2nd Year
3rd Year
4th Year
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