Windborn Company has $30,000$ shares of cumulative preferred $1\%$ stock, $$100$ par and $50,000$ shares of $$10$ par common stock. The following amounts were distributed as dividends:

$20$Y$1$ $$75,000$

$20$Y$215,000$

$20$Y$390,000$

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

Answer rating: 100% (QA)

To determine the dividends per share for preferred and common stock for each year we can divide the ... View the full answer