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


Anthony H.

The link for Table 1


Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.


Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.