Calculate the total dividends and the per-share dividends

Reference no: EM13601155

Love Theatre Inc. owns and operates movie theaters throughtout New Mexico and Utah. Love Theatre has declared the following annual dividends over a six-year period: 2007, $16,000; 2008, $48,000; 2009,$65,000; 2010, $90,000; 2011, $115,000; and 2012, $140,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 25,000 shares of cumulative, 2% preferred stock, $80 par, and 100,000 shares of common stock, $4 par.

(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, 2007. Summarize the data in the tabular form. If required, round answers to two decimal places. If the amount is zero, please enter "0".

(2). Calculate the average annual dividend per share for each class of stocks for the six-year period. If required, round answers to two decimal places. Please work out problem.

Reference no: EM13601155

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