Wings Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative 1%, preferred stock of $40 par, and 50,000 shares of $120 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $7,500; second year, $10,500; third year, $25,000; fourth year, $60,000.
Calculate the dividends per share on each class of stock for each of the four years. Round all answers to the nearest whole cent. If no dividends are paid in a given year, enter "0".© BrainMass Inc. brainmass.com October 10, 2019, 4:53 am ad1c9bdddf
**Please see the attached file for the complete solution **
Details 1st year 2nd year 3rd year 4th year Total
Regular dividend on shares of preferred stock $7,500 $8,000 $10,000 $10,000 $35,500
Arrears of dividend on cumulative shares of pref stock $0 $2,500 $2,000 $0 $4,500
Dividend on shares of common stock 0 $0 $13,000 $50,000 $63,000
Total Dividend distributed $7,500 $10,500 $25,000 $60,000 $103,000
Dividend per ...
In this solution we calculate the dividends per share for a series of stocks in Excel.