question archive Dividends Per Share Internal Insights Inc

Dividends Per Share Internal Insights Inc

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Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 21,000 shares of cumulative preferred 3% stock, $160 par, and 70,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $67,620; second year, $143,980; third year, $172,620; fourth year, $188,300. Compute the dividend 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, leave it blank. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) s sl Common stock (dividend per share)

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