Calculate the dividends per share on each class of stock

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Reference no: EM132873513

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows:

80,400 shares of cumulative preferred 4% stock, $15 par, and

398,600 shares of $27 par common.

During its first four years of operations, the following amounts were distributed as dividends:

first year, $56,600 ;

second year, $76,000 ;

third year, $81,100 ;

fourth year, $100,800 .

Question 1: 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: EM132873513

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