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Macmillan Corporation Has Provided the Following Financial Data

Question 238

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Macmillan Corporation has provided the following financial data:
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 acid-test (quick) ratio at the end of Year 2 is closest to: A) 1.96 B) 1.41 C) 1.20 D) 1.48 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 acid-test (quick) ratio at the end of Year 2 is closest to: A) 1.96 B) 1.41 C) 1.20 D) 1.48 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 acid-test (quick) ratio at the end of Year 2 is closest to:


A) 1.96
B) 1.41
C) 1.20
D) 1.48

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