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:
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:
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:
A)70.8 days 
B)10.0 days 
C)87.7 days 
D)148.5 days

Mahoe Corporation Has Provided the Following Financial Data