Question 1 5 pts Libscomb Technologies' annual sales are $6,972,646 and all sales are made...

60.1K

Verified Solution

Question

Finance

image

Question 1 5 pts Libscomb Technologies' annual sales are $6,972,646 and all sales are made on credit, it purchases $3,508,006 of materials each year (and this is its cost of goods sold). Libscomb also has $500,375 of inventory, $552,172 of accounts receivable, and beginning and ending of year $443,345 and $404,161 accounts payables (respectively). Assume a 365 day year. What is Libscomb's Cash Cycle (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!
Become a Member

Other questions asked by students