Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 1% stock, $160 par, and 67,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $21,400; second year, $52,600; third year, $78,300; fourth year, $125,130. Compute 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". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $ $ Common stock (dividend per share) $
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 1% stock, $160 par, and 67,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $21,400; second year, $52,600; third year, $78,300; fourth year, $125,130. Compute 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". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $ $ Common stock (dividend per share) $
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:**Dividends Per Share**
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 1% stock, $160 par, and 67,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $21,400; second year, $52,600; third year, $78,300; fourth year, $125,130.
Compute 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".
| | 1st Year | 2nd Year | 3rd Year | 4th Year |
|--------------------|----------|----------|----------|----------|
| Preferred stock (dividend per share) | $________ | $________ | $________ | $________ |
| Common stock (dividend per share) | $________ | $________ | $________ | $________ |
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