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 sale period (turnover in days) for Year 2 is closest to:
A)226.5 days
B)60.1 days
C)40.0 days
D)64.4 days

Question

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 sale period (turnover in days) for Year 2 is closest to:
A)226.5 days 
B)60.1 days 
C)40.0 days 
D)64.4 days

Quizplus · Accepted Answer

The Answer of 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 sale period (turnover in days) for Year 2 is closest to:
A)226.5 days 
B)60.1 days 
C)40.0 days 
D)64.4 days

Dahn Corporation Has Provided the Following Financial Data