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Shares Outstanding of Common Stock = 1,000,000

Question 63

Multiple Choice

Shares outstanding of common stock = 1,000,000 Shares outstanding of preferred stock = 500,000 Market price of common stock = $18. -The Average Collection Period (365 day year) is: A) 12.5% B) 12.5 days C) 4) 563 days D) 45.63 days Shares outstanding of common stock = 1,000,000
Shares outstanding of preferred stock = 500,000
Market price of common stock = $18.
-The Average Collection Period (365 day year) is:


A) 12.5%
B) 12.5 days
C) 4) 563 days
D) 45.63 days

Correct Answer:

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