Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative...

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par, and 405,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $74,000; third year, $90,000; fourth year, $120,000. 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 "0.00". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) $ $ $ $ Common stock (dividends per share)

Expert Solution

	Year 1	Year 2	Year 3	Year 4
Preferred stock total dividend	$ 34,000	$ 50,000	$ 42,000	$ 42,000
No of preferred shares	70,000	70,000	70,000	70,000
Dividend per share	$ 0.49	$ 0.71	$ 0.60	$ 0.60
Common stock total dividend	$ -	$ 24,000	$ 48,000	$ 78,000
No of common shares	405,000	405,000	405,000	405,000
Dividend per share	$ -	$ 0.06	$ 0.12	$ 0.19

Computation for preferred stock dividend payment

ekkarill92 answered 1 year ago

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,100 shares of cumulative...

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,100 shares of cumulative preferred 4% stock, $15 par, and 401,700 shares of $26 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $55,800 ; second year, $76,400 ; third year, $80,100 ; fourth year, $98,700 . Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal...

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 81,100 shares of cumulative...

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 81,100 shares of cumulative preferred 2% stock, $15 par, and 400,100 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $55,500 ; second year, $77,500 ; third year, $80,500 ; fourth year, $100,900 . Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal...

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative...

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $74,000; third year, $100,000; fourth year, $120,000. Determine 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...

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative...

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $15 par, and 401,400 shares of $24 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $55,700 ; second year, $78,000 ; third year, $78,900 ; fourth year, $98,300. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....

Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000...

Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $73,000; third year, $90,000; fourth year, $100,000. Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places....

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 16,000 shares of cumulative...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 16,000 shares of cumulative preferred 4% stock, $150 par, and 53,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $64,320; second year, $137,680; third year, $168,850; fourth year, $191,930. 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...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative preferred 1% stock, $120 par, and 73,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $17,600; second year, $45,200; third year, $73,460; fourth year, $127,870. 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...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 19,000 shares of cumulative preferred 4% stock, $140 par, and 63,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $71,250; second year, $151,550; third year, $178,570; fourth year, $188,930. 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...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 4% stock, $150 par, and 77,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $92,460; second year, $193,540; third year, $240,940; fourth year, $270,440. 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...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative...

Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 1% stock, $140 par, and 40,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $11,280; second year, $32,320; third year, $43,520; fourth year, $72,400. 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...

Question