Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulativ
Posted: Sun Jul 03, 2022 3:58 pm
Internal Insights Inc., a developer of radiology equipment,has stock outstanding as follows: 13,000 shares ofcumulative preferred 3% stock, $140 par, and 43,000 shares of$5 par common. During its first four years of operations, thefollowing 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 eachof the four years. Round all answers to two decimalplaces. If no dividends are paid in a given year,leave it blank.
Compute the dividend per share on each class of stock for eachof the four years. Round all answers to two decimalplaces. If no dividends are paid in a given year,leave it blank.