1 pts Question 4 Llibscomb Technologies' annual sales are $6,068,380 and all sales are made...
70.2K
Verified Solution
Link Copied!
Question
Finance
1 pts Question 4 Llibscomb Technologies' annual sales are $6,068,380 and all sales are made on credit, it purchases $4,006,330 of materials each year (and this is its cost of goods sold). Libscomb also has $546,527 of inventory, $1,475,000 of accounts receivable, and $1,400,000 of accounts payable. Assume a 365 day year. What is Libscomb's Receivables Period (in days)? D Question 5 1 pts Libscomb Technologies annual sales are $6.589,975 and all sales are made on credit, it purchases $3,699.377 of materials each year and this is its cost of goods sold). Libscomb also has $586,942 of inventory $547,948 of accounts receivable and $450,841 of accounts payable. Assume a 365 day year What is Libscomb's Operating Cyde (in days)
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!
