Dahn Corporation Has Provided the Following Financial Data: Dividends

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 collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

A) 35.7 days
B) 1.1 days
C) 1.0 days
D) 35.2 days