Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, $25 par, and 13,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,800; second year, $6,300; third year, $30,430; fourth year, $45,750. Calculate the dividend 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 year, leave it blank. Preferred stock (dividend per share) Common stock (dividend per share) 1st Year $ 2nd Year 3rd Year 4th Year
Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, $25 par, and 13,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,800; second year, $6,300; third year, $30,430; fourth year, $45,750. Calculate the dividend 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 year, leave it blank. Preferred stock (dividend per share) Common stock (dividend per share) 1st Year $ 2nd Year 3rd Year 4th Year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Dividends Per Share
Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, $25 par, and 13,000 shares of $50 par
common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,800; second year, $6,300; third year, $30,430;
fourth year, $45,750.
Calculate the dividend 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 year,
leave it blank.
Preferred stock (dividend per share)
Common stock (dividend per share)
$
1st Year
$
2nd Year
3rd Year
4th Year
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