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Dividends Per Share

Michelangelo Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative 4%, 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, $11,400; second year, $15,900; third year, $91,200; fourth year, $126,900.

Calculate 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) $                $                  $                  $

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91393884

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