Calculate the dividends per share on each class of stock

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Reference no: EM131814035

Question: Michelangelo Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative 1%, preferred stock of $25 par, and 25,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $2,000; second year, $2,600; third year, $30,650; fourth year, $73,750.

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)

Reference no: EM131814035

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