ividends on common stock during Year 2 totaled $60 thousand. Dividends on prefer

Question

ividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share.

The accounts receivable turnover for Year 2 is closest to: A) 5.19
B) 5.40
C) 1.08
D) 0.92

ividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share. The accounts receivable turnover for Year 2 is closest to: A) 5.19 B) 5.40 C) 1.08 D) 0.92

Explanation / Answer

C

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