Seventy-Two Inc., a developer of radiology equipment, has stock outstanding
as follows: 70,000...

Question

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding
as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 410,000 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, $76,000; 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 YearPreferred stock (dividends per share)Common stock (dividends per share)2nd YearPreferred stock (dividends per share)Common stock (dividends per share)3rd YearPreferred stock (dividends per share)Common stock (dividends per share)4th YearPreferred stock (dividends per share)Common stock (dividends per share)

Sumit · Accepted Answer

Sheet1
	Year 	Dividend Declared	O/S Equity Shares	Dividend per Share		Year	O/S Preference Shares	Value per share	Rate of Preference Dividend	Dividend per Share
	1	33000	410000	$   0.08		1	70000	20	3%	$   0.60
	2	76000	410000	$   0.19		2	70000	20	3%	$   0.60
	3	90000	410000	$   0.

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 par common.During its first...

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