Dividends Per Share Zero Calories Company has 15,000 shares of cumulative preferred 1% stock, $50 par...

Dividends Per Share

Zero Calories Company has 15,000 shares of cumulative preferred 1% stock, $50 par and 100,000 shares of $10 par common stock. The following amounts were distributed as dividends:

20Y1	$28,500
20Y2	6,000
20Y3	110,000

Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places.

	Preferred Stock (dividends per share)	Common Stock (dividends per share)
20Y1	$	$
20Y2	$	$
20Y3	$	$

Expert Solution

ekkarill92 answered 2 years ago

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