Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumblative...
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Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumblative preferred 2% stock, 525 par, and 13,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, 51,900; second year, 33,200; third year, $19,780; fourth year, $38,540 Calculate the dividend per share on each class of stock for each of the four vears. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank
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