Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 410,000 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, $90,000; 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 2nd Year 3rd Year 4th Year
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 410,000 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, $90,000; 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 2nd Year 3rd Year 4th Year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Seventy-Two Inc., a developer of radiology equipment,
has stock outstanding as follows: 70,000 shares of
cumulative preferred 3% stock, $20 par and 410,000
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, $90,000;
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
2nd Year
3rd Year
4th Year](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27c9ffc8-caf5-4a01-9236-94db3faf410c%2F1a26b4fb-5679-4358-96a7-bf95a50dd137%2Ftm75fb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Seventy-Two Inc., a developer of radiology equipment,
has stock outstanding as follows: 70,000 shares of
cumulative preferred 3% stock, $20 par and 410,000
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, $90,000;
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
2nd Year
3rd Year
4th Year
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