Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 4% stock, $20 par, and 38,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $9,000; second year, $15,000; third year, $76,880; fourth year, $122,040. 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 i a given year, enter "0". 1st Year 3rd Year Preferred stock (dividend per share) Common stock (dividend per share) Feedback 0.30 0 ✓ ✓ 2nd Year 0.50 ✔ 0 ✓ 1.60 ✓ 0.83 X 4th Year 0.80 ✓ 2.82 X

Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 4% stock, $20 par, and 38,000 shares of $125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $9,000; second year, $15,000; third year, $76,880; fourth year, $122,040. 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 i a given year, enter "0". 1st Year 3rd Year Preferred stock (dividend per share) Common stock (dividend per share) Feedback 0.30 0 ✓ ✓ 2nd Year 0.50 ✔ 0 ✓ 1.60 ✓ 0.83 X 4th Year 0.80 ✓ 2.82 X

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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