Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 4% stock, $25 par, and 38,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $11,400; second year, $18,900; third year, $88,960; fourth year, $129,560. 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) 0.38 $ 0.63 V 1.99 V 1.00 Common stock (dividend per share) 0.76 X 2.58 X

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Dividends Per Share
Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 4% stock, $25 par, and 38,000 shares of $50 par
common. During its first four years of operations, the following amounts were distributed as dividends: first year, $11,400; second year, $18,900; third year, $88,960;
fourth year, $129,560.
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)
0.38
0.63
1.99 V
1.00
Common stock (dividend per share)
$
$
0.76 x
2.58 X
Transcribed Image Text:Dividends Per Share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 4% stock, $25 par, and 38,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $11,400; second year, $18,900; third year, $88,960; fourth year, $129,560. 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) 0.38 0.63 1.99 V 1.00 Common stock (dividend per share) $ $ 0.76 x 2.58 X
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