Question: Michelangelo Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative 1%, preferred stock of $25 par, and 25,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $2,000; second year, $2,600; third year, $30,650; fourth year, $73,750.
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".
|
1st Year |
2nd Year |
3rd Year |
4th Year |
| Preferred stock (dividend per share) |
$ |
$ |
$ |
$ |
| Common stock (dividend per share) |