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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: 20Y1, $16,000; 20Y2, $32,000; 2013, $72,000; 2014, $88,000; 20Y5, $116,000; and 20Y6, $140,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 2% stock, $100 par, and 100,000 shares of common stock, $25 pac 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 2011. 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". Preferred Dividends Common Dividends Year 20Y1 2012 2013 2014 2015 2016 Total Dividendi $ 16,000 32,000 72,000 88,000 Total 116,000 140,000 Per Share Total Per Share ODD 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 (non

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: 20Y1, $16,000; 20Y2, $32,000; 2013, $72,000; 2014, $88,000; 20Y5, $116,000; and 20Y6, $140,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 2% stock, $100 par, and 100,000 shares of common stock, $25 pac 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 2011. 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". Preferred Dividends Common Dividends Year 20Y1 2012 2013 2014 2015 2016 Total Dividendi $ 16,000 32,000 72,000 88,000 Total 116,000 140,000 Per Share Total Per Share ODD 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 (non

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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: 20Y1, $16,000; 20Y2, $32,000; 20Y3, $72,000; 20Y4, $88,000; 20Y5, $116,000; and 20Y6, $140,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 2% stock, $100 par, and 100,000 shares of common stock, $25 pac 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 2011. 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". Preferred Dividends Common Dividends Year 20Y1 20Y2 2013 2014 20YS 2016 Total Dividendi $ 16,000 32,000 72,000 88,000 116,000 140,000 Total Per Share Total Per Share 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 per share Average annual dividend for common <Previous
Transcribed Image Text: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: 20Y1, $16,000; 20Y2, $32,000; 20Y3, $72,000; 20Y4, $88,000; 20Y5, $116,000; and 20Y6, $140,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 2% stock, $100 par, and 100,000 shares of common stock, $25 pac 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 2011. 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". Preferred Dividends Common Dividends Year 20Y1 20Y2 2013 2014 20YS 2016 Total Dividendi $ 16,000 32,000 72,000 88,000 116,000 140,000 Total Per Share Total Per Share 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 per share Average annual dividend for common <Previous
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. per share per share! Average annual dividend for preferred Average annual dividend for common 3. Assuming a market price per share of $143 for the preferred stock and $30 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 two decimal places. % Preferred stock Common stock % Danie
Transcribed Image Text: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. per share per share! Average annual dividend for preferred Average annual dividend for common 3. Assuming a market price per share of $143 for the preferred stock and $30 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 two decimal places. % Preferred stock Common stock % Danie
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