Lightfoot Inc., a software development firm, has stock outstanding as follows: shares of cumulative preferred stock, $ par, and shares of $ par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $; second year, $; third year, $; fourth year, $

Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. 

Answer rating: 100% (QA)

Heres the breakdown of dividends per share for Lightfoot Incs preferred and common stock for each year Important points to remember Preferred Stock Cu... View the full answer