Mahoe Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share.The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A) 70.8 days
B) 10.0 days
C) 87.7 days
D) 148.5 days

Question

Mahoe Corporation has provided the following financial data:  Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share.The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A) 70.8 days 
B) 10.0 days 
C) 87.7 days 
D) 148.5 days

Quizplus · Accepted Answer

The Answer of Mahoe Corporation has provided the following financial data:  Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share.The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A) 70.8 days 
B) 10.0 days 
C) 87.7 days 
D) 148.5 days

Mahoe Corporation Has Provided the Following Financial Data: Dividends