04 Jun CALCULATE THE DIVIDENDS PER SHARE ON EACH CLASS OF STOCK FOR EACH OF THE FOUR YEARS.
Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 3% stock, $150 par, and 77,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $69,460; second year, $96,370; third year, $182,400; fourth year, $208,220.
Calculate 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”.Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 23,000 shares of cumulative preferred 3% stock, $150 par, and 77,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $69,460; second year, $96,370; third year, $182,400; fourth year, $208,220.
Calculate the dividends per share on each class of stock for each of the
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