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Calculate the dividends per share on each class of stock

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Dividends Per Share

Lightfoot Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative preferred 3% stock, $20 par, and 25,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $4,600; second year, $7,600; third year, $44,050; fourth year, $80,750.

Problem 1: Calculate the dividends per share on each class of stock for each of the four years.

Reference no: EM132816285

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