Fiji Inc., a developer of radiology equipment, has stock outstanding as follows: 25,000 shares of 1% nonparticipating, cumulative preferred stock of $100 par and 250,000 shares of $50 par common. During its first five years of operations, the following amount were distributed as dividends: first year none; second year, $40,000; third year $80,000; fourth year $120,000; fifth year $140,000. Calculate the dividends per share on each class of stock for each of the five years.
2007-06-27
10:06:07
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3 answers
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asked by
egrant
1