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Compute an average collection period for year

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Q: Hartzog Corporation's most recent balance sheet and income statement appear below: Dividends 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 average collection period for Year 2 is closest to

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Accounting Basics: Compute an average collection period for year

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Accounting Basics: Compute an average collection period for year

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