Question: Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 39,000 shares of cumulative preferred 1% stock, $120 par and 106,000

Dividends per share

Lightfoot Inc., a software development firm, has stock outstanding as follows: 39,000 shares of cumulative preferred 1% stock, $120 par and 106,000 shares of $150 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; second year, $53,000; third year, $77,000; fourth year, $116,000. 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.

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