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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