did I get this correct? please provide pointers. thank you so much. Determining...
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did I get this correct? please provide pointers. thank you so much.
Determining cash dividends to preferred and common shareholders Sinclair company has outstanding 40,000 shares of $50 par value, 6% cumulative preferred stock and 100,000 shares of $10 par value common stock. The company declares and pays cash dividends amounting to $28,000. A. If there are no preferred dividends and arrears, how much in total dividends, and in dividends per share, dues Sinclair pay to each class of stock? 28,000/40,000=$0.70 DPS B. If there are one year's dividends in arrears on the preferred stock, how much in total dividends, and dividends per share, does Sinclair pay to each class of stock
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