Question Content Area Dividends Per Share Seventy Two Inc , a developer of radiology equipment, has stock outstanding as follows 60,000 shares of cumulative preferred 3 stock, $20 par and 405,000 shares of $25 par common During its first four years of operations, the following amounts were distributed as dividends first year, $33,000 second year, $74,000 third year, $90,000 fourth year, $120,000 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 paid in a given year, enter 0 00 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Common stock (dividends per share) fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 Feedback Area Feedback 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 Check My Work Previous Next

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Question: Question Content Area Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock,

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Dividends Per Share

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 405,000 shares of $25 par common.

During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $74,000; third year, $90,000; fourth year, $120,000.

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 paid in a given year, enter "0.00".

	1st Year	2nd Year	3rd Year	4th Year
Preferred stock (dividends per share)	$fill in the blank 1	$fill in the blank 2	$fill in the blank 3	$fill in the blank 4
Common stock (dividends per share)	fill in the blank 5	fill in the blank 6	fill in the blank 7	fill in the blank 8

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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?

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