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 for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
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 for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
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 for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A) 226.5 days 
B) 60.1 days 
C) 40.0 days 
D) 64.4 days

Dahn Corporation Has Provided the Following Financial Data: Dividends