Dahn Corporation Has Provided the Following Financial Data

question 159

Multiple Choice

Dahn Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $1,600. The market price of common stock at the end of Year 2 was $2.37 per share. The company's average sale period (turnover in days) for Year 2 is closest to:

• A)226.5 days
• B)60.1 days
• C)40.0 days
• D)64.4 days

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Definitions:

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