1 pts Question 1 Libscomb Technologies annual sales are $6,977,144 and all sales are made...

50.1K

Verified Solution

Question

Finance

image
1 pts Question 1 Libscomb Technologies annual sales are $6,977,144 and all sales are made on credit, it purchases $3,178,700 of materials each year and this is its cost of goods sold). Libscomb also has $535,895 of inventory, $573.907 of accounts receivable, and $433,838 of accounts payable. Assume a 365 day year What is Libscomb's Inventory Turnover? Question 2 1 pts Libscomb Technologies annual sales are $6,304,810 and all sales are made on credit, it purchases $4.295,503 of materials each year (and this is its cost of goods sold). Libscomb also has $527,680 of inventory $561,157 of accounts receivable, and $478,987 of accounts payable Assume a 365 day year What is Libscomb's Inventory Period in days? Question 3 1 pts Libscomb Technologies annual sales are $6,738,328 and all sales are made on credit, it purchases $3,427,652 of materials each year and this is its cost of goods sold). Libscomb also has $534,398 of inventory. $540,349 of accounts receivable, and 5463,691 of accounts payable, Assume a 365 day year. What is Libscomb's Receivables Turnover

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students