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#1,2 &3 Dividends on Preferred and Common Stock Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washington.

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Dividends on Preferred and Common Stock Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washington. Yosemite Bike has declared the following annual dividends over a six-year period ended December 31 of each year: 20Y1, $24,250; 2012, 89,000; 203, 5119,250; 2014, $97,500, 2045, $117,500; and 2076, 5127,500. During the entire period, the outstanding stock of the company was composed of 25,000 shares of cumulative preferred 2% stock, $85 par, and 100,000 shares of common stock, $4 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 2071. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "o". Preferred Dividends Common Dividends Total Year Dividends Total Per Share Total Per Share 2011 $24,250 24,250 0.97 2012 9,000 24,250 2013 119,250 0 0 0 0 2014 97,500 2015 117,500 2016 127,500 2. Determine the average anni di vita charaan 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 answers to two decimal places. If the amount is zero, please enter "O". Preferred Dividends Common Dividends Total Year Dividends Total Per Share Total Per Share 2011 $24,250 24,250 0.97 0 0 2012 9,000 24,250 0 2013 119,250 2014 97,500 2045 117,500 127,500 2016 2. Determine the ave annual dividend per share for each class of stock for the six year period. Round your answers to two decimal places. Average annual dividend for preferred stock per share Average annual dividend for common stock per share 3. Assuming a market price of $100 for the preferred stock and $5 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 %

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