Question: Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 3 3 , 0 0 0 shares of cumulative preferred 1

Dividends per share
Lightfoot Inc., a software development firm, has stock outstanding as follows: 33,000 shares of cumulative preferred 1% stock, $150 par and 90,000 shares of $180 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $26,000; second year, $55,000; third year, $78,000; fourth year, $130,000. 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.
 Dividends per share Lightfoot Inc., a software development firm, has stock

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