Financial statements for Orantes Company appear below:

Total dividends during Year 2 were $181,000, of which $12,000 were preferred dividends. The market price of a common share on December 31, Year 2 was $280.
-Orantes Company's average sale period (turnover in days)for Year 2 was closest to which of the following?

Question

Financial statements for Orantes Company appear below:

Total dividends during Year 2 were $181,000, of which $12,000 were preferred dividends. The market price of a common share on December 31, Year 2 was $280.
-Orantes Company's average sale period (turnover in days)for Year 2 was closest to which of the following?

Quizplus · Accepted Answer

The Answer of Financial statements for Orantes Company appear below:

Total dividends during Year 2 were $181,000, of which $12,000 were preferred dividends. The market price of a common share on December 31, Year 2 was $280.
-Orantes Company's average sale period (turnover in days)for Year 2 was closest to which of the following?

Financial Statements for Orantes Company Appear Below