Dividends per share Lightfoot Inc , a software development firm, has stock outstanding as follows 40,000 shares of cumulative preferred 1 stock, $135 par and 92,000 shares of $175 par common During its first four years of operations, the following amounts were distributed as dividends first year, $45,000 second year, $54,000 third year, $70,000 fourth year, $117,000 This information has been collected in the Microsoft Excel Online file Open the spreadsheet, perform the required analysis, and input your answers in the questions below Open spreadsheet Determine the dividends per share on each class of stock for each of the four years Round your answers to the nearest cent If no dividends are paid in a given year, enter 0 Line Item Description 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 $fill in the blank 5 Common stock (dividends per share) $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 part 2 Effect of stock split Willeys Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest Willeys Grill Restaurant, which had 300,000 shares of common stock outstanding, declared a 2 for 1 stock split This information has been collected in the Microsoft Excel Online file Open the spreadsheet, perform the required analysis, and input your answers in the questions below Open spreadsheet a What will be the number of shares outstanding after the split fill in the blank 1 of 2 shares b If the common stock had a market price of $330 per share before the stock split, what would be an approximate market price per share after the split fill in the blank 2 of 2$

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Question: Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $135 par and 92,000

Dividends per share

Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $135 par and 92,000 shares of $175 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $45,000; second year, $54,000; third year, $70,000; fourth year, $117,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

Determine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given year, enter "0".

Line Item Description	1st Year	2nd Year	3rd Year	4th Year
Preferred stock (dividends per share)	$fill in the blank 2	$fill in the blank 3	$fill in the blank 4	$fill in the blank 5
Common stock (dividends per share)	$fill in the blank 6	$fill in the blank 7	$fill in the blank 8	$fill in the blank 9

part 2

Effect of stock split

Willeys Grill & Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willeys Grill & Restaurant, which had 300,000 shares of common stock outstanding, declared a 2-for-1 stock split. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

a. What will be the number of shares outstanding after the split? fill in the blank 1 of 2 shares

b. If the common stock had a market price of $330 per share before the stock split, what would be an approximate market price per share after the split? fill in the blank 2 of 2$

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