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Dahn Corporation Has Provided the Following Financial Data

Question 43

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Dahn Corporation has provided the following financial data:
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: A) 35.7 days B) 1.1 days C) 1.0 days D) 35.2 days 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: A) 35.7 days B) 1.1 days C) 1.0 days D) 35.2 days 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:


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

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