Macmillan Corporation has provided the following financial data: Dividends on common stock during Year 2 totaled $7,200. The market price of common stock at the end of Year 2 was $3.69 per share. The company's current ratio at the end of Year 2 is closest to:
A)0.83
B)1.96
C)0.45
D)0.37

Question

Macmillan Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $7,200. The market price of common stock at the end of Year 2 was $3.69 per share. The company's current ratio at the end of Year 2 is closest to:
A)0.83 
B)1.96 
C)0.45 
D)0.37

Quizplus · Accepted Answer

The Answer of Macmillan Corporation has provided the following financial data:   Dividends on common stock during Year 2 totaled $7,200. The market price of common stock at the end of Year 2 was $3.69 per share. The company's current ratio at the end of Year 2 is closest to:
A)0.83 
B)1.96 
C)0.45 
D)0.37

Macmillan Corporation Has Provided the Following Financial Data