Rydon Corporation began business on March 1 Year 1. At that time, it issued 20,000 shares...

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Rydon Corporation began business on March 1 Year 1. At that time, it issued 20,000 shares of $60 par value, seven percent cumulative preferred stock and 100,000 shares of $5 par value common stock. Through the end of Year 3, there had been no change in the number of preferred and common shares outstanding. Required a. Assume that Rydon declared dividends of $0 in Year 1, $185,000 in Year 2, and $200,000 in Year 3. Calculate the total dividends and the dividends per share paid to each class of stock in Year 1, Year 2, and Year 3. Round to two decimal places. Year Year 1 $ Year 2 Year 3 Preferred Stock Common Stock Preferred per share 0 0 0 $ Common per share 0 168,000 84,000 17,000 116,000 8.4 4.2 0.12 x 1.21 x b. Assume that Rydon declared dividends of $0 in Year 1, $90,000 in Year 2, and $150,000 in Year 3. Calculate the total dividends and the dividends per share paid to each class of stock in Year 1, Year 2, and Year 3. Round to two decimal places. Year Year 1 $ Preferred Stock Common Stock Preferred per share Common per share 0 $ 0 0 $ Year 2 0 * 0 4.5 0 Year 3 0 x 8.1 x 0 Rydon Corporation began business on March 1 Year 1. At that time, it issued 20,000 shares of $60 par value, seven percent cumulative preferred stock and 100,000 shares of $5 par value common stock. Through the end of Year 3, there had been no change in the number of preferred and common shares outstanding. Required a. Assume that Rydon declared dividends of $0 in Year 1, $185,000 in Year 2, and $200,000 in Year 3. Calculate the total dividends and the dividends per share paid to each class of stock in Year 1, Year 2, and Year 3. Round to two decimal places. Year Year 1 $ Year 2 Year 3 Preferred Stock Common Stock Preferred per share 0 0 0 $ Common per share 0 168,000 84,000 17,000 116,000 8.4 4.2 0.12 x 1.21 x b. Assume that Rydon declared dividends of $0 in Year 1, $90,000 in Year 2, and $150,000 in Year 3. Calculate the total dividends and the dividends per share paid to each class of stock in Year 1, Year 2, and Year 3. Round to two decimal places. Year Year 1 $ Preferred Stock Common Stock Preferred per share Common per share 0 $ 0 0 $ Year 2 0 * 0 4.5 0 Year 3 0 x 8.1 x 0

Answer rating: 100% (QA)

ANSWER a Assume that Rydon declared dividends of 0 in Year 1 185000 in Year 2 and 200000 in Year 3 C... View the full answer