Reference no: EM133372469
Question: Dividends Per Share
Sandpiper Company has 30,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:
| 20Y1 |
$45,000 |
| 20Y2 |
24,000 |
| 20Y3 |
90,000 |
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
I can't seem to find the right answer for the 20y2 preferred stock dividend per share. could you explain how to get it please. and also my 2nd problem is attached under.
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Dividends Per Share
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $72,000; third year, $90,000; fourth year, $100,000.
Determine 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 "0.00".
| |
1st Year |
2nd Year |
3rd Year |
4th Year |
| Preferred stock (dividends per share) |
$fill in the blank 1 |
$fill in the blank 2 |
$fill in the blank 3 |
$fill in the blank 4 |
| Common stock (dividends per share) |
fill in the blank 5
|
fill in the blank 6
|
fill in the blank 7
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fill in the blank 8
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