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Please help Show Me How Print Item Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following
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Show Me How Print Item Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 2041, $24,000; 2012, $48,000; 2043, $114,000; 2014, $138,000; 2015, $168,000; and 2016, $210,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative, preferred 2% stock, $100 par, and 100,000 shares of common stock, $25 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 per share answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Year Total Dividends Total Per Share Total 2011 $ 24,000 Per Share 24,000 0.87 0 2012 0 48,000 48,000 1.6 0 2013 114,000 0 X 2014 138,000 2015 160,000 2016 210,000 2. Determine the average annual dividend per share for each das of stod for the sevear period. It required, round 2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places. Average annual dividend for preferred per share Average annual dividend for common per share 3. Assuming a market price per share of $110 for the preferred stock and $29 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 % Step by Step Solution
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