The share holders equity of crystal company includes the item shown below.  The board of directors of crystal declaired  cash dividends of $3.2millions, $ 5.0 millions, and 48,8 million in each of hthe first three years of operation 2019,20202 and 2021 respectively.

Common stock  $1 par 50,000,000 shres outstanding

Prefered stock 5%, $100 par ,1000,000 shres outstanding

Required:

Determine the amount of dividand per share on preferred  and common stock for each of the three years. the prefferd stock is cummulative and nonparticipating.

Answer rating: 100% (QA)

To determine the dividend per share on preferred and common stock for each of the three years well n... View the full answer