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Lightfoot Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative...

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Accounting

Lightfoot Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative preferred 2% stock, $25 par, and 25,000 shares of $125 par
common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,800; second year, $6,400; third year, $40,050;
fourth year, $78,750.
Calculate the dividend 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,
leave it blank. Effect of Stock Split
Yeoman Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Yeoman Grill Restaurant Corporation, which had 57,000
shares of common stock outstanding, declared a 4-for-1 stock split.
a. What will be the number of shares outstanding after the split?
shares
b. If the common stock had a market price of $168 per share before the stock split, what would be an approximate market price per share after the split?
$
per share
image

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