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  3. baker company has common and preferred stock outst

Baker Company has common and preferred stock outstanding as follows: Common stock: 100,000 shares, $30...

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Accounting

Baker Company has common and preferred stock outstanding as follows: Common stock: 100,000 shares, $30 par value 8 percent preferred stock: 10,000 shares, $100 par value Dividends on preferred stock have not been paid for the last three years (in addition to the current year). If the company pays a total of $120,000 in dividends, how much will the common stockholders receive per share if the preferred stock is not cumulative? Note: Round your answer to 2 decimal places. How will your answer differ if the preferred stock is cumulative

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