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Calculate the dividends per share on each class of stock

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Dividends Per Share

Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 25,000 shares of cumulative preferred 1% stock, $120 par, and 83,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $20,000; second year, $28,000; third year, $89,310; fourth year, $161,140.

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".

Reference no: EM131752068

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