Justin P.

# Practice problem help

Dividends Per Share

Lightfoot Inc., a software development firm, has stockoutstanding as follows: 10,000 shares of cumulative  preferred3% stock, $25 par, and 13,000 shares of$125 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $2,900; second year,$4,700; third year, $24,780; fourth year,$41,040.

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)   Common stock (dividend per share)  

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