mu no Calculator Dividends on Preferred and Common Stock Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washington. Yosernite Bike has dedared the following annual dividends over a six-year period ended December 31 of each year: 2071, $24,500; 2012, $10,000; 2013, $110,00; 2084, $95,000; 2015, $110,000; and 2076, $160,000. During the entire period, the outstanding stock of the company was composed of 25,000 shares of cumulative preferred 2% stock, $80 par, and 100,000 shares of common stock, 34 par. Required: 1. Determine the total dividends and the per-share dividends dedared on each dass of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is rero, please enter "o". Preferred Dividends Common Dividends Total Year Dividends Per Share Total Per Share Total 20Y1 $24,500 2012 10,000 2013 110,500 95,000 2014 1000 2015 110.000 2016 160,000 Preferred Dividends Common Dividends Year Total Dividends Total Per Share 2011 Total $24,500 Per Share 2012 10,000 2013 110,500 2014 95,000 llllll 2015 110,000 160,000 2016 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 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 mu no Calculator Dividends on Preferred and Common Stock Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon, and Washington. Yosernite Bike has dedared the following annual dividends over a six-year period ended December 31 of each year: 2071, $24,500; 2012, $10,000; 2013, $110,00; 2084, $95,000; 2015, $110,000; and 2076, $160,000. During the entire period, the outstanding stock of the company was composed of 25,000 shares of cumulative preferred 2% stock, $80 par, and 100,000 shares of common stock, 34 par. Required: 1. Determine the total dividends and the per-share dividends dedared on each dass of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is rero, please enter "o". Preferred Dividends Common Dividends Total Year Dividends Per Share Total Per Share Total 20Y1 $24,500 2012 10,000 2013 110,500 95,000 2014 1000 2015 110.000 2016 160,000 Preferred Dividends Common Dividends Year Total Dividends Total Per Share 2011 Total $24,500 Per Share 2012 10,000 2013 110,500 2014 95,000 llllll 2015 110,000 160,000 2016 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 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
