PFS Corp. makes and sells a product in Wisconsin, Minnesota, and the Dakotas. A

Question

PFS Corp. makes and sells a product in Wisconsin, Minnesota, and the Dakotas. A publicly owned corporation, the company's outstanding stock consisted of 25,000 share of 10%, 20 par cummulative preferred stock and 100,000 shares of common stock from 20X1-20X6. PFS has declared the following annual dividends over the 6 year period: 20X1 none......20X2 $100,00.....20X3 $150,000 .....20X4 $120,000.....20X5 $25,000.......20X6 $95,000.

Calculate the total divendends and the per-share dividends for each class of stock over the 6 years and make sure to include a column for dividends in arrears.

                                                Preferred Dividends                         Common Dividends

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Year    Total Dividends           Total          Per Share     Arrears        Total         Per Share     

20X1

20X2

20X3

20X4

20X5

20X6

Explanation / Answer

                                                                                                               Preferred Dividends                         Common Dividends Year Total Dividends Total Per Share Arrears Total Per Share 20X1 $0 $0.00 $0.00 $50,000.00 $0.00 $0.00 20X2 $100,000 $100,000.00 $4.00 $0.00 $0.00 $0.00 20X3 $150,000 $50,000.00 $2.00 $0.00 $100,000.00 $1.00 20X4 $120,000 $50,000.00 $2.00 $0.00 $70,000.00 $0.70 20X5 $25,000 $25,000.00 $1.00 $25,000.00 $0.00 $0.00 20X6 $95,000 $75,000.00 $3.00 $0.00 $20,000.00 $0.20

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