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, $30,000; second year, $74,000; third year, $90,000; fourth year, $120,000. 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 "0.00". Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 0.00 2nd Year 0.02 ✓ 3rd Year 0.10 ✓ 4th Year 0.18 ✓

Intermediate Accounting: Reporting And Analysis
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Chapter16: Retained Earnings And Earnings Per Share
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Dividends Per Share
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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, $30,000; second year, $74,000; third year, $90,000; fourth year,
$120,000.
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 "0.00".
Preferred stock (dividends per share)
Common stock (dividends per share)
1st Year
0.00
2nd Year
0.02
3rd Year
0.10
4th Year
0.18
Transcribed Image Text:Dividends Per Share Show Me How 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, $30,000; second year, $74,000; third year, $90,000; fourth year, $120,000. 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 "0.00". Preferred stock (dividends per share) Common stock (dividends per share) 1st Year 0.00 2nd Year 0.02 3rd Year 0.10 4th Year 0.18
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