Michelangelo Inc., a software development firm, has stock outstanding as follows
ID: 2364913 • Letter: M
Question
Michelangelo Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative 3%, preferred stock of $25 par, and 38,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $8,700; second year, $12,000; third year, $77,200; fourth year, $125,860. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to the nearest cent. If no dividends are paid in a given year, enter "0".Explanation / Answer
preferred stock 3 year =0.23 dollars