Partridge Theatre Inc owns and operates movie theaters

throughout Texas
Partridge Theatre Inc. owns and operates movie theaters throughout Texas and Oklahoma.
Partridge Theatre Inc. has declared the following annual dividends over a six year period: 2009,
$18,000; 2010, $40,000; 2011, $80,000; 2012, $120,000; 2013, $150,000; and 2014, $228,000.
During the entire period ended December 31 of each year, the outstanding stock of the
company was composed of 40,000 shares of cumulative, preferred 1% stock, $75 par, and
200,000 shares of common stock, $5 par.Instructions1. 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, 2009. Summarize the data in tabular form, using the following
column headings:2. Calculate the average annual dividend per share for each class of stock for
the six-year period.3. Assuming a market price per share of $125 for the preferred stock and
$7.60 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 commonstock.
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Partridge Theatre Inc owns and operates movie theaters throughout Texas
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