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Progress:2/3 items eBook Show Me How Office 365 Question Content Area Dividends...

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Accounting

Progress:2/3 items
eBook Show Me How Office 365
Question Content Area
Dividends per share
Lightfoot Inc., a software development firm, has stock outstanding as follows: 47,000 shares of cumulative preferred 1% stock, $105 par and 105,000 shares of $135 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $41,000; second year, $48,000; third year, $78,000; fourth year, $119,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
Determine the dividends per share on each class of stock for each of the four years. Round your answers to the nearest cent. If no dividends are paid in a given year, enter "0".
Line Item Description 1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividends per share)
$fill in the blank 2
$fill in the blank 3
$fill in the blank 4
$fill in the blank 5
Common stock (dividends per share)
$fill in the blank 6

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