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, $73,000; third year, $90,000; fourth year, $110,000. 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". 3rd Year 4th Year 1st Year Preferred stock (dividends per share) Common stock (dividends per share) 00 2nd 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 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, $73,000; third year, $90,000; fourth year, $110,000. 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". 3rd Year 4th Year 1st Year Preferred stock (dividends per share) Common stock (dividends per share) 00 2nd Year 00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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 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, $73,000; third year, $90,000; fourth year, $110,000.
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".
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%2F8ca122e4-933e-4e70-88f3-539bf73cf55d%2F59cfe619-f21d-4422-8fdf-db259fcebf95%2F5hgo10b_processed.png&w=3840&q=75)
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 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, $73,000; third year, $90,000; fourth year, $110,000.
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".
Preferred stock (dividends per share)
Common stock (dividends per share)
1st Year
$
2nd Year
$
3rd Year
$
4th Year
$
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