Calculate the dividends per share on each class of stock


Question - Dividends Per Share Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 10,000 shares of cumulative preferred 1% stock, $130 par, and 33,000 shares of $15 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $8,700; second year, $12,100; third year, $33,380; fourth year, $55,240. 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
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