Sunbird Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Sunbird Theatre Inc. has declared the following annual dividends over a six-year period: 2011, $20,000; 2012, $36,000; 2013, $70,000; 2014, $90,000; 2015, $102,000 and 2016, $150,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 100,000 shares of cumulative preferred 1% stock, $30 par, and 400,000 shares of common stock, $20 par. Required: 1. Calculate 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 on January 1, 2011. Summarize the data 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 0.20 2011 $ o $ 20,000 36,000 20,000 36,000 2012 o 2013 70,000 34,000 36,000 0.09 2014 90,000 30,000 60,000 0.36 0.34 0.30 0.30 0.30 1.8 0.15 0.18 2015 102,000 72,000 30,000 30,000 2016 150,000 120,000 0.72 x $ 1.14 x 2. Calculate the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two LULUUU 2016 150,000 30,000 10.30 120,000 0.72 x 1.8 1.14 X 2. Calculate 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 $ 100,000 X per share Average annual dividend for common $ 40,000 X per share 3. Assuming a market price per share of $37.50 for the preferred stock and $30.00 for the common stock, calculate 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 0.53 X % 0 x % Common stock Sunbird Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Sunbird Theatre Inc. has declared the following annual dividends over a six-year period: 2011, $20,000; 2012, $36,000; 2013, $70,000; 2014, $90,000; 2015, $102,000 and 2016, $150,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 100,000 shares of cumulative preferred 1% stock, $30 par, and 400,000 shares of common stock, $20 par. Required: 1. Calculate 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 on January 1, 2011. Summarize the data 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 0.20 2011 $ o $ 20,000 36,000 20,000 36,000 2012 o 2013 70,000 34,000 36,000 0.09 2014 90,000 30,000 60,000 0.36 0.34 0.30 0.30 0.30 1.8 0.15 0.18 2015 102,000 72,000 30,000 30,000 2016 150,000 120,000 0.72 x $ 1.14 x 2. Calculate the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two LULUUU 2016 150,000 30,000 10.30 120,000 0.72 x 1.8 1.14 X 2. Calculate 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 $ 100,000 X per share Average annual dividend for common $ 40,000 X per share 3. Assuming a market price per share of $37.50 for the preferred stock and $30.00 for the common stock, calculate 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 0.53 X % 0 x % Common stock
