Question: q2 need help Lilly inc. is in its second year of operations. Lilly inc. has 140,000 shares of $1 par value common stock outstanding and
Lilly inc. is in its second year of operations. Lilly inc. has 140,000 shares of $1 par value common stock outstanding and 9,200 shares of 9%,$45 par value. preferred stock outstanding. Lilly inc. announced $59,600 in cash dividends to be paid in the current year. Last year, Lilly inc. did not announce any dividends to its shareholders. In total, how much of this year's $59,600 dividend will Lilly's common shareholders receive if the preferred stock is non-cumulative? $ (Enter your answer to the nearest dollar) In total, how much of this year's $59,600 dividend will Lilly's common shareholders receive if the preferred stock is cumulative? $ (Enter your answer to the nearest dollar)
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