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Calculate the dividends per share on each class

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Question - Lightfoof Inc, a software development firm, has stock outstanding as follows: 40,000 shares of cumulative preferred 1% stock, $125 par, and 100,000 shares of $150 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $36,000; second year $58,000; third year $75,000; fourth year $124,000. Calculate the dividends per share on each class of stock for each of the four years.

Reference no: EM132522181

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