Calculate the dividends per share on each class of stock

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Michelangelo Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative 1%, preferred stock of $25 par, and 38,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,000; second year, $3,900; third year, $47,520; fourth year, $116,180.

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".

Reference no: EM131769815

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