Lightfoot Inc., a software development firm, has stock outstanding as follows: 45,000 shares of cumulative preferred 1% stock, $100 par and 110,000 shares of $120 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $52,000; third year, $76,000; 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. 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".
Lightfoot Inc., a software development firm, has stock outstanding as follows: 45,000 shares of cumulative preferred 1% stock, $100 par and 110,000 shares of $120 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $52,000; third year, $76,000; 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. 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".
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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Dividends per share
Lightfoot Inc., a software development firm, has stock outstanding as follows: 45,000 shares of cumulative preferred 1% stock, $100 par and 110,000 shares of $120 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $30,000; second year, $52,000; third year, $76,000; 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".
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