Justin P.

asked • 6d

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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