Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock
ID: 2517001 • Letter: D
Question
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 20,000 shares of cumulative preferred 1% stock, $120 par, and 67,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $16,000; second year, $42,000; third year, $69,110; fourth year, $122,490. 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) $
Explanation / Answer
Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places.
Preferred Common Total year Amount Per share Amount Per share First 16000 0.80 0 0 16000 Second 32000 1.60 10000 0.15 42000 Third 24000 1.2 45110 0.67 69110 Fourth 24000 1.2 98490 1.47 122490 Total 96000 4.8 153600 2.29 249600