Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of cumulative preferred 4% stock, $110 par, and 80,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $70,800; second year, $98,160; third year, $186,240; fourth year, $212,000.

612 views
0

Dividends Per Share

Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of cumulative preferred 4% stock, $110 par, and 80,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $70,800; second year, $98,160; third year, $186,240; fourth year, $212,000.

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”.

1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividend per share) $ $ $ $
Common stock (dividend per share)
0

Purchase answer in just $2

ask for the request in below link

http://www.smartstudyhelp.com/contactus.html

Contact us today

Ask for our academic services

Copyright SmartStudyHelp 2016. All Rights Reserved