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Determine the dividends per share on each class of stock

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Reference no: EM133116150

Question - Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of $25 par common.

During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $72,000; third year, $80,000; fourth year, $120,000.

Required - Determine the dividends per share on each class of stock for each of the four years.

Reference no: EM133116150

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