ch 12 Q11

Dividends per share Seventy-Two Inc, a developer of radiology equipment, hos stpck outstanding as follows: 60,000 shares of cumulative preferred 3% stock, 520 par and 400 , 000 shares a 525 par common. During its first four years of operations, the following amounts were distriauted as dividends: first year, $31,000; second year, $72,000;, third year, 590,000 ; fourth year, 5110,000 . 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 are pard in a given yea Ferobata 7 chack Mrywn Is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that prefecred stock should receive per yean is the question asking for a per-share amount or total amount per class of stock