Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 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, $30,000; second year, $76,000; third year, $100,000; fourth year, $100,000.This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.XOpen spreadsheetDetermine 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".Preferred stock (dividends per share)Common stock (dividends per share)1st Year2nd Year3rd Year4th Year

The distribution of profits by a company to its eligible shareholders is called dividend. The amount…

Answered: Determine the dividends per share on…

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".

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...

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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 410,000 shares of $25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $76,000; third year, $100,000; fourth year, $100,000.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.
X
Open spreadsheet
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".
Preferred stock (dividends per share)
Common stock (dividends per share)
1st Year
2nd Year
3rd Year
4th Year

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Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 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, $33,000; second year, $76,000; third year, $100,000; fourth year, $110,000. 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". Line Item Description 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 fill in the blank 8