Question: Dividends Per Share Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an
Dividends Per Share
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 '0'.
Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:
| 20Y1 | $45,000 |
| 20Y2 | 15,000 |
| 20Y3 | 90,000 |

Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 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 ' 0
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