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Book Show Me How Dividends on Prideved and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre
Book Show Me How Dividends on Prideved and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has dedared the following annual dividends over a six-year period: Year 1,500,000; Year 2, $90,000; Year 3, $150,000 Year 4, $150,000; Year 5. $160,000; and Year 6 $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 250,000 shares of cumulative, preferred 2% stack $20 500,000 shares of common stock $15 par Required: and 1. Determine the total dividends and the per-share dividends declared on each dass of stock for each of the six years. There were no dividends i round your per share answers to two decimal places. If the amount is zere, please enter "0" ing of Year 1. Summarize the data in tabular form. If required, Preferred Dividends Common Dividends Per Share Total Per Share Year Total Dividends Total That 1 $ 80.000 Year 2 90,000 Year 3 150.000 Ter 150,000 Year 5 100.000 Year 6 100,000 2. Determine the average armul dividend per share fe each case of stod for the le-ar period if required, round your answers to two decimal places Average annual dividend for pred Average annual dividend for comman per share per share 3. Assuming a market price per share of $25.00 for the preferred stack and 317.30 for the rom stick, determ share (a) for pestered stock and 00 for some fack Mound your answers Pratt stick Comeon suck Check My Work one decimal place ALM
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