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, $32,000; Year 2, $96,000; Year 3, $144,000; Year 4, $176,000; Year 5, $224,000; and Year 6, $288,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, 4% preferred stock, $100 par, and 100,000 shares of common stock, $5 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. If required, round your answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Year Total Dividends Total Per Share Total Per Share Year 1 $ 32,000 $fill in the blank 1 32,000 $fill in the blank 2 1.6 $fill in the blank 3 0 $fill in the blank 4 0 Year 2 96,000 fill in the blank 5 96,000 fill in the blank 6 4.8 fill in the blank 7 0 fill in the blank 8 0 Year 3 144,000 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Year 4 176,000 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Year 5 224,000 fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 Year 6 288,000 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 $fill in the blank 25 $fill in the blank 26 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 $fill in the blank 27 per share Average annual dividend for common $fill in the blank 28 per share 3. Assuming a market price per share of $222 for the preferred stock and $9 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. Round your answers to two decimal places. Preferred stock fill in the blank 29 % Common stock fill in the blank 30 %
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, $32,000; Year 2, $96,000; Year 3, $144,000; Year 4, $176,000; Year 5, $224,000; and Year 6, $288,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, 4% preferred stock, $100 par, and 100,000 shares of common stock, $5 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. If required, round your answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Year Total Dividends Total Per Share Total Per Share Year 1 $ 32,000 $fill in the blank 1 32,000 $fill in the blank 2 1.6 $fill in the blank 3 0 $fill in the blank 4 0 Year 2 96,000 fill in the blank 5 96,000 fill in the blank 6 4.8 fill in the blank 7 0 fill in the blank 8 0 Year 3 144,000 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 Year 4 176,000 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 Year 5 224,000 fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 Year 6 288,000 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 $fill in the blank 25 $fill in the blank 26 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 $fill in the blank 27 per share Average annual dividend for common $fill in the blank 28 per share 3. Assuming a market price per share of $222 for the preferred stock and $9 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. Round your answers to two decimal places. Preferred stock fill in the blank 29 % Common stock fill in the blank 30 %
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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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, $32,000; Year 2, $96,000; Year 3, $144,000; Year 4, $176,000; Year 5, $224,000; and Year 6, $288,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, 4% preferred stock, $100 par, and 100,000 shares of common stock, $5 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. If required, round your answers to two decimal places. If the amount is zero, please enter "0".
Preferred Dividends Common Dividends
Year Total
Dividends
Total
Per Share
Total
Per Share
Year 1 $ 32,000 $fill in the blank 1
32,000
$fill in the blank 2
1.6
$fill in the blank 3
0
$fill in the blank 4
0
Year 2 96,000 fill in the blank 5
96,000
fill in the blank 6
4.8
fill in the blank 7
0
fill in the blank 8
0
Year 3 144,000 fill in the blank 9
fill in the blank 10
fill in the blank 11
fill in the blank 12
Year 4 176,000 fill in the blank 13
fill in the blank 14
fill in the blank 15
fill in the blank 16
Year 5 224,000 fill in the blank 17
fill in the blank 18
fill in the blank 19
fill in the blank 20
Year 6 288,000 fill in the blank 21
fill in the blank 22
fill in the blank 23
fill in the blank 24
$fill in the blank 25
$fill in the blank 26
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 $fill in the blank 27
per share
Average annual dividend for common $fill in the blank 28
per share
3. Assuming a market price per share of $222 for the preferred stock and $9 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.
Round your answers to two decimal places.
Preferred stock fill in the blank 29
%
Common stock fill in the blank 30
%
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