Reference no: EM133070790

Question - Dividends Per Share - Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 14,000 shares of cumulative preferred 2% stock, $130 par, and 47,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $24,360; second year, $58,440; third year, $77,280; fourth year, $109,720. Compute the dividend per share on each class of stock for each of the four years.