Solution-Calculate the first dividends per share

Calculate the first dividends per share

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Question problem 1: Lightfoot 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 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.

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

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Calculate the first dividends per share

Reference no: EM132463435

Reference no: EM132463435

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