Homework SourseSeventyTwo Inc a developer of radiology equipment has Shares
Seventy-Two Inc., a developer of radiology equipment, has Shares of ownership of a corporation.stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 A dollar amount assigned to each share of stock.par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; second year, $72,000; third year, $80,000; fourth year, $100,000.
Solution
Workings
| Year | 1 | 2 | 3 | 4 |
| Preferred stock (dividend per share) | 0.45 | 0.75 | 0.6 | 0.6 |
| Common stock (dividend per share) | 0 | 0.03 | 0.08 | 0.13 |
