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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

FINANCIAL ACCOUNTING
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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< 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
Transcribed Image Text:< 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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