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

Question 148

Multiple Choice

Hartzog Corporation's most recent balance sheet and income statement appear below: 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 collection period for Year 2 is closest to: A) 0.9 days B) 70.3 days C) 1.1 days D) 67.6 days 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 collection period for Year 2 is closest to: A) 0.9 days B) 70.3 days C) 1.1 days D) 67.6 days 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 collection period for Year 2 is closest to:


A) 0.9 days
B) 70.3 days
C) 1.1 days
D) 67.6 days

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