Lightfoot Inc., a software development firm, has stock outstanding as follows: 42,000 shares of cumulative preferred 1% stock, $135 par and 99,000 shares of $165 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $40,000; second year, $65,000; third year, $71,000; fourth year, $126,000. 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. X 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". 2nd Year 3rd Year Preferred stock (dividends per share) S Common stock (dividends per share) 1st Year 4th Year
Lightfoot Inc., a software development firm, has stock outstanding as follows: 42,000 shares of cumulative preferred 1% stock, $135 par and 99,000 shares of $165 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $40,000; second year, $65,000; third year, $71,000; fourth year, $126,000. 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. X 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". 2nd Year 3rd Year Preferred stock (dividends per share) S Common stock (dividends per share) 1st Year 4th Year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dividends per share
Lightfoot Inc., a software development firm, has stock outstanding as follows: 42,000 shares of
cumulative preferred 1% stock, $135 par and 99,000 shares of $165 par common. During its first
four years of operations, the following amounts were distributed as dividends: first year, $40,000;
second year, $65,000; third year, $71,000; fourth year, $126,000. 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.
X
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".
2nd Year
Preferred stock (dividends per share) S
Common stock (dividends per share) $
1st Year
3rd Year
4th Year
P
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