Question
Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 4% stock, $20 par, and 38,000
Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 30,000 shares of cumulative preferred 4% stock, $20 par, and 38,000 shares of $50 par common. During its first four years of operations, the following $9,000; second year, $15,000; third year, $80,680; fourth year, $134,960. 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". 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) Common stock (dividend per share) 1st Year
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