Use the Tables for the Question(s)below

question 31

Multiple Choice

Use the tables for the question(s) below.
Estimated 2005 Income Statement and Balance Sheet Data for Ideko Corporation
-Ideko's Accounts Receivable Days is closest to:

• A)84 days.
• B)95 days.
• C)90 days.
• D)75 days.

---

Definitions:

No-par Value

Refers to stocks issued without a nominal or face value, where the market value is determined by investor demand.

Legal Capital

The minimum amount of capital that a company must maintain as required by law, often to protect creditors.

Dividend Rate

The total dividends declared by a company over a period, usually a year, divided by the number of outstanding shares.

Preferred Shares

A class of ownership in a corporation with a fixed dividend that has priority over common stock dividends.