Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 39,000 shares of cumulative preferred 1% stock, $145 par and 90,000 shares of $185 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $41,000; second year, $61,000; third year, $76,000; fourth year, $121,000. 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", 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) 1.05 $ 1.56 V 1.95 X $ 3.10 X Common stock (dividends per share) 0.45 X 0.67 X 0.84 X $ 1.34 X

Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 39,000 shares of cumulative preferred 1% stock, $145 par and 90,000 shares of $185 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $41,000; second year, $61,000; third year, $76,000; fourth year, $121,000. 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", 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividends per share) 1.05 $ 1.56 V 1.95 X $ 3.10 X Common stock (dividends per share) 0.45 X 0.67 X 0.84 X $ 1.34 X

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 21E

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Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 3% stock, $20 par, and 19,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,450; second year, $5,700; third year, $31,720; fourth year, $56,120. 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) ? ? ? ?
Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 49,000 shares of cumulative preferred 1% stock, $110 par and 97,000 shares of $145 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $26,000; second year, $67,000; third year, $77,000; fourth year, $125,000. 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. X 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". 1st Year 2nd Year 3rd Year Preferred stock (dividends per share) $ 0.53 1.37 Common stock (dividends per share) $ 0 0 $ 4th Year 1.4 $ 1.1
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Lightfoot Inc., a software development firm, has stock outstanding as follows: 10,000 shares of cumulative preferred 3% 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, $24,390; fourth year, $39,740. Determine 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".