Home Homework Help Sabas company has 20000 shares of $100 par, 2% cumulative perferred
Homework Help

Sabas company has 20000 shares of $100 par, 2% cumulative perferred

Sabas Company has 20000 shares of $100 par, 2% cumulative perferred stock and 100000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1:  10000

Year 2:   45000

Year 3:   90000

 

Determine the dividends per share for the preferred and common stock for the third year. 

a. 4.50 and .25

b. 3.25 and .25

c. 4.50 and .90

d. 2.00 and .25

 

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