Seventy-Two Inc., a developer of radiology equipment,has stock outstanding as follows: 80,000 shares of cumulative preferred 4% stock, $15 par, and 400,500 shares of$23 par common. During its first four years of operations, the following amounts were distributed as dividends: first year,$57,000 ; second year, $77,300 ; third year, $79,500 ; fourth year,$100,500 .

Calculate the dividends per share on each class of stock foreach of the four years. Round all answers to two decimal places. Ifno dividends are paid in a given year, enter "0".

	1st Year	2nd Year	3rd Year	4th Year
Preferred stock (dividends per share)
Common stock (dividends per share)

Answer rating: 100% (QA)

solution Answer Preferred stock dividends per share ... View the full answer