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

Question 71

Multiple Choice

Lesmerises Corporation's most recent balance sheet and income statement appear below: Lesmerises Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share. -The average sale period for Year 2 is closest to: A) 35.1 days B) 237.9 days C) 58.0 days D) 53.9 days Lesmerises Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share. -The average sale period for Year 2 is closest to: A) 35.1 days B) 237.9 days C) 58.0 days D) 53.9 days Dividends on common stock during Year 2 totaled $40 thousand. Dividends on preferred stock totaled $10 thousand. The market price of common stock at the end of Year 2 was $2.85 per share.
-The average sale period for Year 2 is closest to:


A) 35.1 days
B) 237.9 days
C) 58.0 days
D) 53.9 days

Correct Answer:

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