Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 3% sto

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Inc A Developer Of Radiology Equipment Has Stock Outstanding As Follows 13 000 Shares Of Cumulative Preferred 3 Sto 1 (16.65 KiB) Viewed 9 times

Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 3% stock, $140 par, and 43,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,530; second year, $82,670; third year, $103,960; fourth year, $131,140. 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) $ 36,530 X ✓ 72,670 X 10,000 X $ 54,600 X 49,360 X Ś 54,600 X 76,540 X