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Yukon Bike Corp. Manufactures Mountain Bikes And Distributes

Submitted by • November 2, 2018

Yukon Bike Corp. manufactures mountain bikes and distributes them through retail outlets in Canada, Montana, Idaho, Oregon, and Washington. Yukon Bike Corp. has declared the following annual dividends over a six-year period ending December 31 of each year: 2008, $28,000, 2009, $44,000, 2010, $48,000, 2011, $60,000, 2012, $76,000, and 2013, $140,000. During the entire period, the outstanding stock of the company was composed of 40,000 shares of 2% preferred stock, $65 par, and 50,000 shares of common stock, $1 par.Instructions 1.Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. Summarize the data in tabular form, using the following column headings:Year Total Dividends Preferred Dividends Common Dividends Total Per Share Total Per Share 2008$ 28,000200944,000201048,000201160,000201276,0002013140,0002.Calculate the average annual dividend per share for each class of stock for the six-year period.3.Assuming that the prefer

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Voted by Simon Brooke

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