Dividends Per Share Scan Tech Inc., a developer of radiology equipment, has stock outstanding as...

Question

Dividends Per Share Scan Tech Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of 2% preferred stock of $75 par, and
 100,000 shares of $8 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $19,200; second year,
 $30,000; third year, $75,000; fourth year, $120,000. Calculate the dividends per share on each class of stock for each of the four years. Round all answers to
 nearest cent. If no dividends are paid in a given year, enter "0". 24,000x2%x$75=36,000 Yr 1 Preferred 19200 Dividends Received 19200/24000=.80PS
 36, XXXXXXXXXX=$16800 Dividends in arrear Common 0 Yr2 Preferred 30000 Dividends Received 30000/24000=.125 = 1.25PS XXXXXXXXXX)=10800 Common 0 Yr3 Preferred
 XXXXXXXXXX = XXXXXXXXXX/24000=1.95PS Common XXXXXXXXXX= XXXXXXXXXX/100000=2.82PS Yr4 Preferred 36000 Dividends Received 36000/24000=$1.50PS Common
 XXXXXXXXXX=84000 Dividends Received 84000/100000=.84PS

Robert · Accepted Answer

Year Total dividend paid
Pref. Dividend due 
(24000*75*.02)
Pref. Dividend 
paid
Pref. Dividend 
Arrear
Dividend Per 
pref. share
Common Dividend paid 
(total-pref.)
Common Dividend per 
share
1 19,200.00 36,000.00 19,200.00 16,800.00 0.80 0.00 0.00
2 30,000.00 36,000.00 30,000.00 22,

Dividends Per Share Scan Tech Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of 2% preferred stock of $75 par, and 100,000 shares of $8 par common. During...

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