Question

# Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000...

Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 4% stock, $130 par, and 43,000 shares of$20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $45,240; second year,$99,960; third year, $115,710; fourth year,$126,080. 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)  

Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places.

Annual preferred dividend = 13000*130*4% = \$67600

2nd year dividend = (67600*2)-45240 =

 1st year 2nd year 3rd year 4th year Preferred Stock (dividend per share) 45240/13000 = 3.48 89960/13000 = 6.92 67600/13000 = 5.20 67600/13000 = 5.20 Common Stock (dividend per share) 0 10000/43000 = 0.23 48110/43000 = 1.12 58480/43000 = 1.36

#### Earn Coins

Coins can be redeemed for fabulous gifts.