BOOK Show Me How Print Rem ividends on preferred and common stock ecan Theatre Inc. owns...

Transcribed Image Text:

BOOK Show Me How Print Rem ividends on preferred and common stock ecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $60,000; 2012, $80,000; 20Y3, $160,000; 20Y4, $160,000; OY5, $170,000; and 20Y6, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 400,000 shares of cumulative, preferred 2% stock, $10 par, and 500,000 shares of ommon stock, $15 par. Required: 1. Determine the total dividends and the per-share dividends dedared on each dass of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0". Year Total Dividends Preferred Dividends Total Preferred Dividends Per Share Common Dividends Total Common Dividends Per Share 20Y1 $60,000 20Y2 80,000 20Y3 160,000 2014 160,000 2015 20Y6 170,000 180,000 2. Determine the average annual dividend per share for each dass of stock for the six-year period. If required, round your answers to two decimal places. Average annual dividend for preferred Average annual dividend for common per share per share 3. Assuming a market price per share of $25.00 for the preferred stock and $22.00 for the common stock, determine the average annual percentage return on initial shareholders' Investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock. Round your answers to one decimal place. Preferred stock Common stock % % Work uses remaining Previous Next BOOK Show Me How Print Rem ividends on preferred and common stock ecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1, $60,000; 2012, $80,000; 20Y3, $160,000; 20Y4, $160,000; OY5, $170,000; and 20Y6, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 400,000 shares of cumulative, preferred 2% stock, $10 par, and 500,000 shares of ommon stock, $15 par. Required: 1. Determine the total dividends and the per-share dividends dedared on each dass of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter "0". Year Total Dividends Preferred Dividends Total Preferred Dividends Per Share Common Dividends Total Common Dividends Per Share 20Y1 $60,000 20Y2 80,000 20Y3 160,000 2014 160,000 2015 20Y6 170,000 180,000 2. Determine the average annual dividend per share for each dass of stock for the six-year period. If required, round your answers to two decimal places. Average annual dividend for preferred Average annual dividend for common per share per share 3. Assuming a market price per share of $25.00 for the preferred stock and $22.00 for the common stock, determine the average annual percentage return on initial shareholders' Investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock. Round your answers to one decimal place. Preferred stock Common stock % % Work uses remaining Previous Next