Calculate the dividends per share on each class of stock


Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 21,000 shares of cumulative preferred 2% stock, $160 par, and 70,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $44,940; second year, $62,580; third year, $123,480; fourth year, $149,100.

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".

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Accounting Basics: Calculate the dividends per share on each class of stock
Reference No:- TGS02574461

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