Dividends Per Share Oceanic Company has 10,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $67,500 Year 2 18,000 Year 3 135,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is žero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) Year 1 Year 2 Year 3
Dividends Per Share Oceanic Company has 10,000 shares of cumulative preferred 3% stock, $150 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $67,500 Year 2 18,000 Year 3 135,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is žero, enter '0'. Preferred Stock Common Stock (dividends per share) (dividends per share) Year 1 Year 2 Year 3
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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