Hartzog Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during Year

Question:

Hartzog Corporation's most recent and income statement appear below:Dividends on during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of at the end of Year 2 was $7.04 per share.
The average collection period for Year 2 is closest to:(Assume 365 days a year.)
0.9 days
70.3 days
1.1 days
67.6 days
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...