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Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 3 3 , 0 0 0 shares of cumulative preferred 1

Dividends per share
Lightfoot Inc., a software development firm, has stock outstanding as follows: 33,000 shares of cumulative preferred 1% stock, $150 par and 90,000 shares of $180 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $26,000; second year, $55,000; third year, $78,000; fourth year, $130,000. 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.
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