Question: please help Dividends Per Share Lontoot Inc., a software development firm has to outstanding as follows: 25.000 shares of cumulative preferred stock, $20 par and
Dividends Per Share Lontoot Inc., a software development firm has to outstanding as follows: 25.000 shares of cumulative preferred stock, $20 par and 31.000 shares of $75 par common During its first four years of operations, the following amounts were distributed as dividendsst year $5.750 second year, 59,500; third year, 156,720. fourth year, 5106,760 Calculate the dividends per Share on each class of stock for each of the four years. Round answers to two decimal places. If no dividends are paid in a given year, entero 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) 0.23 0.38 Common stock (dividend per share) 0 0
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
