The outstanding share capital of Pronghorn Corporation consists of 3,500 shares of preferred and 6,900 common shares for which $248,400 was received The preferred shares carry a dividend of $5 per share and have a $100 stated value Assuming that the company has retained earnings of $77,500 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are non cumulative and non participating Preferred Common Total Dividends $enter a dollar amount $enter a dollar amount $enter a dollar amount Assuming that the company has retained earnings of $77,500 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and non participating Preferred Common Total Dividends $enter a dollar amount $enter a dollar amount $enter a dollar amount Assuming that the company has retained earnings of $77,500 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and participating (Round answers to 0 decimal places, e g 5,275 ) Preferred Common Total Dividends $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places Assume that Pronghorns current year net income was $95,400 Calculate the current year payout ratio under each of the conditions below (Round answers to 2 decimal places, e g 52 75 ) Payout Ratio (a) The preferred shares are non cumulative and non participating enter payout ratio rounded to 2 decimal places (b) The preferred shares are cumulative and non participating enter payout ratio rounded to 2 decimal places (c) The preferred shares are cumulative and participating enter payout ratio rounded to 2 decimal places

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The outstanding share capital of Pronghorn Corporation consists of 3,500 shares of preferred and 6,900 common shares for which $248,400 was received. The preferred shares

The outstanding share capital of Pronghorn Corporation consists of 3,500 shares of preferred and 6,900 common shares for which $248,400 was received. The preferred shares carry a dividend of $5 per share and have a $100 stated value.

Assuming that the company has retained earnings of $77,500 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are non-cumulative and non-participating.

		Preferred		Common		Total
Dividends		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount

		Preferred		Common		Total
Dividends		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount

		Preferred		Common		Total
Dividends		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places

Assume that Pronghorns current year net income was $95,400. Calculate the current year payout ratio under each of the conditions below. (Round answers to 2 decimal places, e.g. 52.75.)

		Payout Ratio
(a)	The preferred shares are non-cumulative and non-participating.	enter payout ratio rounded to 2 decimal places
(b)	The preferred shares are cumulative and non-participating.	enter payout ratio rounded to 2 decimal places
(c)	The preferred shares are cumulative and participating.	enter payout ratio rounded to 2 decimal places