Hartzog Corporation's Most Recent Balance Sheet and Income Statement Appear

question 160

Multiple Choice

Hartzog Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share.
-The average sale period for Year 2 is closest to:

• A)60.0 days
• B)35.1 days
• C)62.4 days
• D)213.6 days

---

Definitions:

Marginal Utility

The additional satisfaction or benefit received by consuming one more unit of a good or service.

Video Game Rental

A service that allows consumers to borrow video games for a limited period of time in exchange for a fee, often operating through physical stores or online platforms.

Marginal Utility

The additional satisfaction or utility gained by consuming one more unit of a good or service.

Movie Rental

The temporary provision of a movie for viewing on a pay-per-rent basis.