Question: i need a step by step please Dividends per share Uightfoot inc, a software development firm, has stock outstanding as follows: 25,000 shares of curnulative
i need a step by step please
Dividends per share Uightfoot inc, a software development firm, has stock outstanding as follows: 25,000 shares of curnulative preferred 3% stock, $25 par, and 31,000 shares of $50 pat common. During its first four years of operations, the following amounts were distributed as dividends: first year, $7,250; second year, $11,750; third year, $62,980; fourth year, $106,170 Determine the dividends per share on each class of stock for each of the four years, Round all answers to two decimal places. If no dividends are paid in a given yeat
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