Dividends per sharemichelangelo inc a software development

Reference no: EM13578686

Dividends Per Share:Michelangelo Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative 2%, preferred stock of $25 par, and 38,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $5,700; second year, $8,100; third year, $66,160; fourth year, $133,940.

Calculate the dividends per share on each class of stock for each of the four years. Round all answers to the nearest cent. If no dividends are paid in a given year, enter "0".

	1st Year	2nd Year	3rd Year	4th Year
Preferred	$	$	$	$
Common	$	$	$	$

Reference no: EM13578686

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