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Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has...

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Accounting

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Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six-year $80,000; Year 2, s90,000; Year 3, 150,000; Year 4, $150,000; Year 5, S 160,000; and Year 6, $180,000. During the entire period ended December 31 of each year, the outstanding stock ofthe company was composed of 250,000 shares of cumulative preferred 2% stock, $20 par, and SOO 000 shares of common in arrears at the beginning of Year 1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is 150,000 160,000 ers to twO 150,000 160,000 180,000 stock and $17.50 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. Check My Work Previous

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