Question: Dividends per share Ughtfoot Inc, a software development firm, has stock outstanding as follows: 44,000 shares of cumulative preferred 1% stock, $105 par and 105,000
Dividends per share Ughtfoot Inc, a software development firm, has stock outstanding as follows: 44,000 shares of cumulative preferred 1% stock, $105 par and 105,000 shares of $145 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $53,000; third year, $75,000; fourth year, $131,000. Open spreadsheet Determine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given yeac
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