The Following Information Is Available for Bridges Company

question 58

Multiple Choice

The following information is available for Bridges Company:

The accounts receivable turnover for 2013 is computed as follows:

• A) $2,500,000 ¸ $462,500
• B) $3,000,000 ¸ $462,500
• C) $2,500,000 ¸ $475,000
• D) $3,000,000 ¸ $485,000

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Definitions:

Mars Corporation

An international manufacturer known for its confectionery products, pet food, and other food products and services.

Dividend Yield Ratio

A financial metric indicating the amount of dividend expressed as a percentage of a current share price.

Common Stock

A type of equity security that represents ownership in a corporation, giving shareholders voting rights and a share in the company’s profits through dividends.

Market Price

The present rate at which a service or asset is available for purchase or sale.