osemite 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: 2071, $24,250; 2012, $11,000; 2013, $104,750; 2014, $90,000; 2075, $115,000; and 2076, $135,000. 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, 51 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 2071. Summarize the Hata 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 Dividends Year Total Total Per Share Per Share 0.97 24,250 0 2041 $24,250 2012 11,000 11,000 2043 104,750 2014 90.000 2015 115,000 2046 135,000 p. 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 Next Check My Work All wock saved. Email Sum Angement for Grading Assignment Score: 8.33 PO 2046 135,000 2. Determine the average annual dividend per share for each dass 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 Tcheck 1. is the preferred stock cumulative or non-cumulative? How will the preferred stock being cumulative or non-cumulative affect the distribution of dividends? Determine what amount of current dividends the preferred stock should receive per year Recall the definition of dividends in arrears How much in dividends would each share of preferred stock receive each year? How much in dividends would each share of common stock receive each year? 2. Remember you are calculating the average per share for each class of stock, not in total 3. What would the preferred and common stockholder receive as a return on the initial investment based on the average annual dividend? Check My Work Next > Assignment Score: 8.33 All work saved Email Save and Submit Anment for Gradin FO PE
