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Lightfoot Inc, a software development firm, has stock outstanding as follows: 15,000shares of cumulative preferred 2% stock, $25 par, and 19,000 shares of $125 par
Lightfoot Inc, a software development firm, has stock outstanding as follows: 15,000shares of cumulative preferred 2% stock, $25 par, and 19,000 shares of $125 par common. During its first years of operations, the following amounts were distributed as dividends: first year $2,850 second year, $4800, third year $32,330 and fourth year $ 66,970. Calculate the dividends per share on each class of stock for each of the four years. Round to two decimal places. if no dividends are paid in given year enter .
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