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dividends Per Share Windborn Company has 10,000 shares of cumulative preferred 2% stock, $100 par and...

dividends Per Share

Windborn Company has 10,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

20Y1 $50,000
20Y2 16,000
20Y3 60,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.

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Answer #1

Preferred dividend = 10000*100*2% = 20000

Total Preferred dividend per share Common dividend per share
20Y1 50000 20000/10000 = 2 30000/50000 = 0.60
20Y2 16000 16000/10000 = 1.6 0
20Y3 60000 24000/10000 = 2.4 36000/50000 = 0.72
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