Question: The outstanding capital stock of Ayayai Corporation consists of 2,000 shares of $100 par value, 9% preferred, and 5, 200 shares of $50 par value common. Assuming that the company has retained earnings of $82, 500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions.
The preferred stock is noncumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38, 487.)
The preferred stock is cumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38, 487.)
The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g.l.4278%. Round answers to 0 decimal places, e.g $38, 487.)