Question: Obj. 2 EX 12-2 Dividends per share ock, Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares 0.90 of cumulative preferred
Obj. 2 EX 12-2 Dividends per share ock, Lightfoot Inc., a software development firm, has stock outstanding as follows: 40,000 shares 0.90 of cumulative preferred 1% stock, $125 par and 100,000 shares of $150 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; second year, $58,000; third year, $75,000; fourth year, $124,000. Determine the dividends per share on each class of stock for each of the four years
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