Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 2011, 0; 20Y2, $80,000; 20Y3, $190,000; 20Y4, $230,000; 20Y5, $290,000; and 20Y6, $350,000. During the entire period ended December 31 of each year, the outstanding sto company was composed of 25,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $25 par. ed: ermine 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 at the beginning of 20Y1 arize 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 Total Dividends $ 40,000 80,000 190,000 230,000 290,000 $ Total $ Per Share Total PRE ENERO Per Share
Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 2011, 0; 20Y2, $80,000; 20Y3, $190,000; 20Y4, $230,000; 20Y5, $290,000; and 20Y6, $350,000. During the entire period ended December 31 of each year, the outstanding sto company was composed of 25,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $25 par. ed: ermine 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 at the beginning of 20Y1 arize 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 Total Dividends $ 40,000 80,000 190,000 230,000 290,000 $ Total $ Per Share Total PRE ENERO Per Share
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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![can Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1,
0,000; 20Y2, $80,000; 20Y3, $190,000; 20Y4, $230,000; 20Y5, $290,000; and 20Y6, $350,000. During the entire period ended December 31 of each year, the outstanding stock
the company was composed of 25,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $25 par.
equired:
Determine 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 at the beginning of 20Y1.
ummarize 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
ear
0Y1
0Y2
20Y3
20Y4
20Y5
20Y6
Total
Dividends
$ 40,000
80,000
190,000
230,000
290,000
350,000
Total
Per Share
Total
30000
Per Share
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.
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Transcribed Image Text:can Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year period: 20Y1,
0,000; 20Y2, $80,000; 20Y3, $190,000; 20Y4, $230,000; 20Y5, $290,000; and 20Y6, $350,000. During the entire period ended December 31 of each year, the outstanding stock
the company was composed of 25,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $25 par.
equired:
Determine 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 at the beginning of 20Y1.
ummarize 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
ear
0Y1
0Y2
20Y3
20Y4
20Y5
20Y6
Total
Dividends
$ 40,000
80,000
190,000
230,000
290,000
350,000
Total
Per Share
Total
30000
Per Share
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.
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