Lightfoot Inc., a software development firm, has stock outstanding as follows: 32,000 shares of cumulative preferred 1% stock, $145 par and 107,000 shares of $160 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $54,000; third year, $80,000; fourth year, $127,000. 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 4th Year Preferred stock (dividends per share) 1 1.69 0X $ 0X Common stock (dividends per share) 0 0 0x $ 0 X

Lightfoot Inc., a software development firm, has stock outstanding as follows: 32,000 shares of cumulative preferred 1% stock, $145 par and 107,000 shares of $160 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $32,000; second year, $54,000; third year, $80,000; fourth year, $127,000. 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 4th Year Preferred stock (dividends per share) 1 1.69 0X $ 0X Common stock (dividends per share) 0 0 0x $ 0 X

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...

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Lightfoot Inc., a software development firm, has stock outstanding as follows: 49,000 shares of cumulative preferred 1% stock, $105 par and 95,000 shares of $145 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $34,000; second year, $60,000; third year, $71,000; fourth year, $114,000. 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. 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 Preferred stock (dividends per share) Common stock (dividends per share) $fill in the blank $fill in the blank $fill in the blank $fill in the blank 3rd Year $fill in the blank $fill in the blank 4th Year $fill in the blank $fill in the blank
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".
Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 2% stock, $25 par, and 19,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $2,850; second year, $4,800; third year, $28,910; fourth year, $55,380. 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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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) ? ? ? ?
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, $32,670; fourth year, $59,350. 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) $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Common stock (dividend per share) $fill in the blank 5 $fill in the blank 6