Chapter 13 Homework Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 18,000 shares of cumulative preferred 2% stock, $110 par, and 60,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $26,460; second year, $62,740; third year, $87,840; fourth year, $129,600. 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 are paid in a given year, enter -0% Preferred stock (@vidend per share Common stock (dividend per shane) 1.47 4th Year 2.20 2.20 Is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock should receive per year. Is the question asking for a per share amount or total amount per class of stock? Previous Next