Reference no: EM133157721
Question - Dividends Per Share
Q1. Lightfoot Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative preferred 2% stock, $25 par, and 31,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $4,750; second year, $8,000; third year, $47,690; fourth year, $90,620.
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".
Q2. Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow:
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20Y5
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20Y6
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Net income
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$1,536,000
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$2,668,000
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Preferred dividends
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$40,000
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$40,000
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Average number of common shares outstanding
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80,000 shares
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120,000 shares
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Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.
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