Dividends per shareLightfoot Inc., a software development firm, has stock outstanding as follows: 38,000 shares of cumulative preferred 1% stock, $135 par and 101,000 shares of $145 parcommon. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $66,000; third year, $72,000;fourth year, $115,000. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answersin the questions below.XOpen spreadsheetDetermine 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".Preferred stock (dividends per share) $Common stock (dividends per share) $1st Year$$2nd Year$3rd Year$$4th Year FileB225678910111214151617Home1 ~252627Par valueCommon stock:InsertCumulative preferred stock:Shares outstandingDividend right1st year2nd yearArialX ✓ fx3rd year4th yearShares outstandingPar valueDividends distributed:A1Dividends per share2 Lightfoot Inc., software development firm, has stock outstanding and dividends distributed as follows:1819202122 Preferred stock23Common stock24DrawPage LayoutDATA10Formulas1st Year1st YearB 68 - A38,0001%$135Data101,000$145$33,000$66,000$72,000$115,000сReview2nd YearView Help2nd YearEvabDividends Per Share+Using formulas and cell references, perform the required analysis, and input your answers into the Dividends Per Share columns. Transfer the numeric results forthe green entry cells (B22:E23) into the appropriate fields in CNOWV2 for grading.FormulasEditingCurrencyD3rd Year$ ✓3rd Year500000E4th Year4th YearFεν τουCommOv

Dividend is a reward given by the company to its shareholders. It can be in the form of cash or…

Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 38,000 shares of cumulative preferred 1% stock, $135 par and 101,000 shares of $145 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $66,000; third year, $72,000; fourth year, $115,000. 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. X 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". Preferred stock (dividends per share) $ Common stock (dividends per share) $ 1st Year $ $ 2nd Year $ $ 3rd Year $ $ 4th Year

Dividends per share Lightfoot Inc., a software development firm, has stock outstanding as follows: 38,000 shares of cumulative preferred 1% stock, $135 par and 101,000 shares of $145 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $66,000; third year, $72,000; fourth year, $115,000. 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. X 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". Preferred stock (dividends per share) $ Common stock (dividends per share) $ 1st Year $ $ 2nd Year $ $ 3rd Year $ $ 4th Year

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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Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 3% stock, $20 par, and 19,000 shares of $75 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $3,450; second year, $5,700; third year, $31,720; fourth year, $56,120. 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". 1st Year 2nd Year 3rd Year 4th Year Preferred stock (dividend per share) ? ? ? ? Common stock (dividend per share) ? ? ? ?
Lightfoot Inc., a software development firm, has stock outstanding as follows: 15,000 shares of cumulative preferred 2% stock, $25 par, and 19,000 shares of $50 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $2,850; second year, $4,800; third year, $28,910; fourth year, $55,380. 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".