Question: Dividends Per Share Lightfoot Inc, a software development form, 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 form, has stock outstanding as follows: 10,000 shares of cumulative preferred 4 stock. $20 par, and 13,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,000, second year 55.000 third year, 526,530) fourth year, 543,750. Calculate the dividends per share on each class of stock for each of the four years. Hound sit antwers to two decimal places. If no dividends are paid in a given year, entes "0" 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 0.30 ook Common stock (dividend per share)
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