Question: Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, $20 par, and 13,000
Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, $20 par, and 13,000 shares of $100 per common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,000; second year. $5,000, third year, 526,530, fourth year. $43,750. Calculate the dividends per share on each class of stock for each of the four years. Round alt answers to two decimal places. If no dividends are paid in a given year, enter "0" 1st Year 2nd Year 3rd Year Preferred stock (dividend per share) Common stock (dividend per share) 4th Year
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