Anne Owns 300 Shares of Lily Industries

question 2

Multiple Choice

Anne owns 300 shares of Lily Industries.Suppose that for the last calendar quarter, Lily Industries paid $.30 a share.What is the total amount she received in her dividend cheque for this quarter?

• A)0
• B)$.30
• C)$45.00
• D)$90.00
• E)$180.00

---

Definitions:

Inventory Period

The amount of time it takes for a company to sell through its current stock of inventory.

Accounts Receivable Period

The average number of days that it takes a company to collect payments after a sale has been made, a critical component of managing cash flow.

Accounts Payable Period

The average number of days it takes for a business to pay its suppliers and vendors.

Inventory Period

The average time it takes for a company to convert its inventory into sales or the duration of the inventory cycle.