Lightfoot Inc., a software development firm, has stockoutstanding as follows: 10,000 shares of cumulative preferred 4% stock, $25 par, and 13,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,800; second year, $6,300; third year, $29,260; fourth year, $41,850. 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 (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)
Lightfoot Inc., a software development firm, has stockoutstanding as follows: 10,000 shares of cumulative preferred 4% stock, $25 par, and 13,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,800; second year, $6,300; third year, $29,260; fourth year, $41,850. 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 (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)
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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- Lightfoot Inc., a software development firm, has stockoutstanding as follows: 10,000 shares of cumulative preferred 4% stock, $25 par, and 13,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,800; second year, $6,300; third year, $29,260; fourth year, $41,850.
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 (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) |
- Earnings per share
Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
|
20Y5 |
20Y6 |
||
Net income |
$1,715,000 |
|
$2,437,000 |
|
Preferred dividends |
$50,000 |
|
$50,000 |
|
Average number of common shares outstanding |
90,000 |
shares |
110,000 |
shares |
- Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.
|
20Y5 |
20Y6 |
||
Earnings per Share |
$fill in the blank 1 |
|
$fill in the blank 2 |
|
- Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
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