Year 20Y1 2012 2013 2014 2015 2016 Dividends $ 24,000 48,000 108,000 132,000 168,000 210,000 Total 0000 Per Share Total 000000 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 3. Assuming a market price per share of $98 for the preferred stock and $24 for the common stock, determine the average annual percentage return on inits dividend per share (a) for preferred stock and (b) for common stock.
Year 20Y1 2012 2013 2014 2015 2016 Dividends $ 24,000 48,000 108,000 132,000 168,000 210,000 Total 0000 Per Share Total 000000 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 3. Assuming a market price per share of $98 for the preferred stock and $24 for the common stock, determine the average annual percentage return on inits dividend per share (a) for preferred stock and (b) for common stock.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Year
20Y1
2012
2013
20Y4
2015
2016
Dividends
$ 24,000
48,000
108,000
132,000
168,000
210,000
Total
Preferred stock
Common stock
Per Share
Total
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
%
Per Share
3. Assuming a market price per share of $98 for the preferred stock and $24 for the common stock, determine the average annual percentage return on initial shareholl
dividend per share (a) for preferred stock and (b) for common stock.
Round your answers to two decimal places.
%

Transcribed Image Text: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: 2011, $24,000; 2012, $48,000; 2013,
$108,000; 2014, $132,000; 2015, $168,000; and 2016, $210,000. 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 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
2011
2012
2013
2014
2015
2016
Total
Dividends
$ 24,000
48,000
108,000
132,000
160,000
210,000
fotal
Per Share
Total
Per Share
2. Determine the average annust 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
Average annual dividend for commen
per share
per share
3. Assuming a market price per share of $98 for the preferred stock and $24 for the common stack, determine the average annual percentage retum on internet, bed on the average
dividend per share (a) for preferred stock and (s) for common stock
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