sherly13
Sep 27, 2013, 07:35 AM
Dividends Per Share
Hays-Smith Company has 18,000 shares of 4% cumulative preferred stock of $125 par and 50,000 shares of $40 par common stock. The following amounts were distributed as dividends:
Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to the nearest whole cent.
Preferred Stock Common Stock
Year 1 $ $
Year 2 $ $
Year 3 $ $
Hays-Smith Company has 18,000 shares of 4% cumulative preferred stock of $125 par and 50,000 shares of $40 par common stock. The following amounts were distributed as dividends:
Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to the nearest whole cent.
Preferred Stock Common Stock
Year 1 $ $
Year 2 $ $
Year 3 $ $