Macmillan Corporation Has Provided the Following Financial Data

question 265

Multiple Choice

Macmillan Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $7,200.The market price of common stock at the end of Year 2 was $3.69 per share. The company's current ratio at the end of Year 2 is closest to:

• A)0.83
• B)1.96
• C)0.45
• D)0.37

---

Definitions:

Auction Without Reserve

An auction in which the item for sale will be sold regardless of price, with no minimum bid set.

Bid Revocation

The act of withdrawing a bid before it is accepted, which can typically be done as long as the withdrawal does not violate the terms of the bidding process.

Negotiation

Negotiation is a dialogue between two or more parties aimed at reaching a mutually beneficial outcome or resolving a disagreement.

Valid Contract

A legally binding agreement between parties that meets all requisite legal elements, such as offer, acceptance, consideration, and mutual consent.