**Dividends Per Share Calculation for Lightfoot Inc.**Lightfoot Inc., a software development firm, has the following stock structure:- 30,000 shares of cumulative preferred 3% stock, $20 par- 38,000 shares of $100 par common stock### Dividend Distribution over Four YearsDuring the first four years of operations, dividends were distributed as follows:- **First Year:** $6,900- **Second Year:** $11,400- **Third Year:** $68,380- **Fourth Year:** $128,960### TaskCalculate the dividend per share for each class of stock for each year. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank.### Template for Calculation:| | 1st Year | 2nd Year | 3rd Year | 4th Year ||----------------------|----------|----------|----------|----------|| **Preferred stock** $dividend per share$ | $ | $ | $ | $ || **Common stock** $dividend per share$ | $ | $ | $ | $ |**Note:** If the preferred dividends are not paid in full for a particular year, they are carried forward to the next year because they are cumulative.For precise calculations, use the total dividends and the number of shares, considering dividend preferences and arrears for the preferred stock.

Dividends are paid to shareholders out of the profits of the company as distributions. Payment of…

Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 3% stock, $20 par, and 38,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $6,900; second year, $11,400; third year, $68,380; fourth year, $128,960. 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. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share)

Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 3% stock, $20 par, and 38,000 shares of $100 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $6,900; second year, $11,400; third year, $68,380; fourth year, $128,960. 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. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 80,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $74,000; third year, $80,000; fourth year, $110,000. 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 year, enter "0". Line Item Description 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) Common stock (dividends per share)
Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of cumulative preferred 4% stock, $150 par, and 80,000 shares of $5 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $96,480; second year, $201,520; third year, $254,400; fourth year, $290,400. Compute 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
Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 70,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $31,000; second year, $74,000; third year, $100,000; fourth year, $100,000. 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 year, enter "0.00". Do not give answer in image
Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 22,000 shares of cumulative preferred 4% stock, $130 par, and 73,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $76,560; second year, $162,240; third year, $201,040; fourth year, $228,280. Compute 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. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share) Next Check My Work Save and Exit Submit Assignment for Grading All work saved. 1207 PM C 7AE Morsthy doudy
Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 14,000 shares of cumulative preferred 3% stock, $140 par, and 47,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $39,340; second year, $88,260; third year, $105,820; fourth year, $124,130. Compute 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. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $4 Common stock (dividend per share)
Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 40,000 shares of comulative preferred 2% stock, $75 par, and 100,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; second year, $90,000; third year, $115,000; fourth year, $140,000. Compute the dividends per share on each class of stock for each of the four years.
Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 400,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $75,000; third year, $100,000; fourth year, $100,000. 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 year, enter "0.00". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) $4 $4 %$4 Common stock (dividends per share) Foodboel %24 %24
Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 45,000 shares of cumulative preferred 1% stock, $100 par and 110,000 shares of $120 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $52,000; third year, $76,000; fourth year, $114,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given year, enter "0".
Dividends Per Share Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 81,400 shares of cumulative preferred 3% stock, $15 par, and 400,000 shares of $23 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $55,100 ; second year, $77,200 ; third year, $78,600 ; fourth year, $98,400 . Calculate 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 year, enter "0". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) $ $ $ $ Common stock (dividends per share) $ $ $ $
Dividends per share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 40,000 shares of cumulative preferred 2% stock, $75 par, and 100,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; second year, $90,000; third year, $115,000; fourth year, $140,000. Compute the dividends per share on each class of stock for each of the four years.
Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative preferred 1% stock, $160 par, and 50,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $16,050; second year, $41,950; third year, $61,600; fourth year, $102,000. Compute 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. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Common stock (dividend per share) $fill in the blank 5 $fill in the blank 6 $fill in the blank 7 $fill in the blank 8
Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, $140 par, and 33,000 shares of $25 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $37,500; second year, $84,500; third year, $92,260; fourth year, $94,610. Compute 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. 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) $ $ Common stock (dividend per share) $