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Find the dividends per share on each class of stock

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Reference no: EM132957227

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

60,000 shares of cumulative preferred 3% stock,

$20 par and 410,000 shares of $25 par common.

  • During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $73,000; third year, $100,000; fourth year, $110,000.

Problem 1: Find the dividends per share on each class of stock for each of the four years.

Reference no: EM132957227

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