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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 flexing
Dividends on Preferred and Common Stock Pecan Theatre Inc owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the flexing annual dividends over a six-year period: Year 1,832,000 Year 2, 395,000 Year 3 $244,300 4,275,000 $224,000; and year, $280,000. During the entire period ending December 31 of each year, the outstanding stack of the company was composed of 20,000 shares of cumulative preferred stock, $300 and 100,000 shares of $15 m Required: 1. Determine the total dividends and the per-share dividends declared on each dem of tack for each of the der There were ne diden is the beginning of ear L. Summa the data in mou answers to two dedmal places. If the amount is pers, pleas Year war 1 Total Dividends Total Per Share $ 32,000 2 96.000 Year 3 144,000 176,000 224,000 28.000 2. Die the average per share for sacht dass of the the 3. Amakat price per share of 230 tend Per Share
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