Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock
ID: 2571387 • Letter: D
Question
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 4% stock, $140 par, and 50,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $56,250; second year, $121,750; third year, $142,600; fourth year, $153,500 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 "O". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share)Explanation / Answer
As per chegg guidelines we answer one question per post.. Kindly post remaining questions in next post Q1 Statementshowing Computations Paticulars Year 1 Year 2 Year 3 Year 4 Total Dividend Paid 56,250.00 121,750.00 142,600.00 153,500.00 Preference Dividend to be paid = 15,000*140*4% 84,000.00 84,000.00 84,000.00 84,000.00 Preference Dividend Paid = Existing + arrears 56,250.00 111,750.00 84,000.00 84,000.00 Dividend available for common stock - 10,000.00 58,600.00 69,500.00 Arrears of preference Dividend 27,750.00 - - - Preference dividend per share =Div/15000 3.75 7.45 5.60 5.60 Common stoc dividend per share= Div/50000 - 0.20 1.17 1.39