Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred...

Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 4% stock, $20 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, $3,000; second year, $5,000; third year, $27,960; fourth year, $48,690. 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".

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ekkarill92 answered 1 year ago

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