Question: Dividends Per Share Lightfoot Inc, software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4 rock, $20 par and 13,000 shares
Dividends Per Share Lightfoot Inc, software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4 rock, $20 par and 13,000 shares of 575 par common. During its first four years of operations, the following amounts were distributed me dividendst fint your 43,000, second year, 45,000; third year 126,270; fourth year, 342,970, Calculate the dividende per share on each dass of stock for each of the four years. Round all answers to two deomal places, 1 ne dividends are paid in a given yeac enter to 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
