Alex C.

asked • 04/29/20

How do i solve this?

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,700 shares of cumulative preferred 3% stock, $15 par, and 401,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $55,200 ; second year, $76,900 ; third year, $80,900 ; fourth year, $100,700 .

Calculate 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".


1 Expert Answer

By:

Anthony H.

tutor
The link for Table 1 https://www.wyzant.com/resources/files/727320/dividends_per_share_calculation
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04/29/20

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