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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
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: 2011, $24,000; 2012, $10,750; 2013, $105,250; 2014, $95,000; 2015, $115,000; and 2016, $160,000. During the entire period, the outstanding stock of the company was composed of 25,000 shares of cumulative preferred 2% stock, $80 pac, and 100,000 shares of common stock, 54 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 answers to two decimal places. If the amount is zero, please enter "0" Common Dividends Per Share Total Per Share Preferred Dividends Year Total Dividends Total 2011 $24,000 2012 10,750 D 2013 105,250 2014 95,000 2015 115,000 2016 160,000 2. Determine the average 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 Average annual dividend for common stock per share per share
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