Chapter $12$: Practice

Dividends on Preferred and Common Stock

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Yosemite Bike Corp. manufactures mountain bikes and cistributes them through retai outlets in Calfornia, Orepon, and Was Yosemite Bike has declared the following annual dividends over a six$-$pear period ended December $31$ of each year: $20$Y$1,$ $$22012,$$$9,500$;$203,$$$113,250$;$204,$$$92,500$;$205,$$$112,500$; and $20Y5,$$$142,500.$ During the entire period, the outstan stock of the company was compoed of $25,000$ shares of cumulative proferred $2\%$ stock, $$35$ par, and $100,000$ shares of com stock, $$4$poc

Required:

Determine the total dividends and the per$-$share dividends dedared on each class of stock for each of the six years. There is dividends in arreass at the begining of eDri. Summarize the data in tabular form. If required, round your per share ansmers to decinal places, tf the ambant is zero, please enter $0.$

Preferred Dividests

Common Dividends

Total

$$

$$

$$

$$

$$

$4x$ per share

$44$ deoimal places.

Average annual dividend for preferred stack.

Average antual diuldend for comman stock

$3.$ Aspaming a market price of $$100$ for the proforreq stock and i$5$ fir the cemman stock, deterimine Ilve acertoe ambat gercentage Stock. Rourd your anpwers to two decimal places.