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Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 3% stock, $25 par, and 19,000
Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 3% stock, $25 par, and 19,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $4,350; second year, $7,050; third year, $39,640; fourth year, $69,960. Determine 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) 1.80 X 1.80 X 1.80 X 1.80 X Common stock (dividend per share) 0.17 X 0.23 X 2.08 X 3.68 X Feedback Check My Work
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