Question: eBook Calculator Dividends Per Share --- Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 2% stock, $25

 eBook Calculator Dividends Per Share --- Lightfoot Inc., a software development

eBook Calculator Dividends Per Share --- Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 2% stock, $25 par, and 13,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $1,900; second year, $3,200; third year, $21,600; fourth year, $44,780. Calculate the dividends per share on each dass of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "o". 1st Year 2nd Year 4th Year 3rd Year 0.50 x Preferred stock (dividend per share) 0.19 0.32 Common stock (dividend per share) 0 0 . . Fodbad Che My Wor Is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock should receive per year. Is the question asking for a per share amount or total amount per class of stock? Previous Next Check My Work do 6:10 PM 9/19/2020 o GU !! arch a

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