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Financial Statements for Orange Company Appear Below: Dividends

Question 1

Multiple Choice

Financial statements for Orange Company appear below: Financial statements for Orange Company appear below: Dividends during Year 2 totaled $156 thousand, of which $18 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $100. -Orange Company's average sale period for Year 2 was closest to: A) 23.2 days B) 29.5 days C) 33.2 days D) 20.6 days Financial statements for Orange Company appear below: Dividends during Year 2 totaled $156 thousand, of which $18 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $100. -Orange Company's average sale period for Year 2 was closest to: A) 23.2 days B) 29.5 days C) 33.2 days D) 20.6 days Dividends during Year 2 totaled $156 thousand, of which $18 thousand were preferred dividends.
The market price of a share of common stock on December 31, Year 2 was $100.

-Orange Company's average sale period for Year 2 was closest to:


A) 23.2 days
B) 29.5 days
C) 33.2 days
D) 20.6 days

Correct Answer:

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