DIRECTIONS: fill in the blank boxes

PROBLEM #1

Dividends Per Share Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The following amounts were distributed as dividends: Year 1 $21,600 Year 2 4,000 Year 3 100,800 Determine the dividends per share for preferred and common stock for each year. If an answer is zero, enter '0'. Round all answers to two decimal places. Preferred Stock Common Stock (dividends per share) (dividends per share) Year 1 $:] 14:] $:] 14:] Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: Year 1, $24,000; Year 2, $48,000; Year 3, $128,000,' Year 4, $142,000; Year 5, $154,000; and Year 6, $170,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative preferred 2% stock, $100 par, and 100,000 shares of common stock, $20 par. Required: 1. Determine the total dividends and the per~share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of Year 1. Summarize the data In tabular form. Note: If required, round your answers to two decimal places. If the amount is zero, enter "0". Preferred Dlvldends Common Dlvldends Total Year Dividends Total Per Share Total Per Share Year 1 $ 24,000 $[: as: D $:] $] $] 2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places. Average annual dividend for preferred $[:] per share Average annual dividend for common $:] per share 3. Assuming a market price per share of $140 for the preferred stock and $12 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share for preferred stock and for common stock. Use the rounded amounts from part 2 in future computations. And round your nal answers to two decimal places. Preferred stock % :1 Common stock [2 %