1)Eagle Company reported net credit sales of $6,660,000 and it had a balance in the 'ace MOE

receivable account of $910,000 and a balance of $1,100,000 at the end of the year. Thea

average collection period is

Select one:

a.54.07 days

b.53.7 days.

c.52.1 days

d.cannot be determined from this information.

2)Manar Corporation announced a $80,000 cash dividend. Currently, it has 3,000 shares of 7.5%, $100 par value cumulative preferred stock outstanding. It is two year in arrears on its preferred stocks. How much cash will Manar distribute to the common stockholders?

Select one:

a.$67,500.

b.$45,000.

c.$22,500

d.None of these answer choices are correct.

3)Eastern Union Corporation has 2,500 shares of 5%, $50 par value, cumulative preferred stock and 20,000 shares of $1 par value of common stock outstanding from December 31, 2018 through Dec. 31, 2020. There were no dividends declared in 2018 and 2017.the top executives declare and pays a $22,500 dividend in 2019 and in 2020. What is the amount of dividend obtained by the common stockholders in 2020

Select one:

a.$3,750

b.$22,500

c.$0

d.$10,000

4)The following information was obtained from books of reem corporation

Current (short-term) liability

$199,100

Long term liabilities

515,020

Total shareholders' equity

1,171,400

In a common size analysis, long-term liabilities would be expressed as:

Select one:

a.60.96%.

b.All of these choices are incorrect

c.27.11%.

d.258.67%.