Answer Happy

1.
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)?
2.
Libscomb Technologies' annual sales are $5,095,165 and all sales
are made on credit, it purchases $3,128,182 of materials each year
(and this is its cost of goods sold). Libscomb also has
$516,058 of inventory, $547,234 of accounts receivable, and
$411,696 of accounts payable. Assume a 365 day year.
What is Libscomb’s Receivables Turnover?
3.
Libscomb Technologies' annual sales are $5,045,308 and all sales
are made on credit, it purchases $4,090,282 of materials each year
(and this is its cost of goods sold). Libscomb also has
$503,026 of inventory, $566,378 of accounts receivable, and
$460,483 of accounts payable. Assume a 365 day year.
What is Libscomb’s Operating Cycle (in days)?
4.
Libscomb Technologies' annual sales are $5,024,624 and all sales
are made on credit, it purchases $3,005,933 of materials each year
(and this is its cost of goods sold). Libscomb also has
$517,846 of inventory, $516,917 of accounts receivable, and
$474,737 of accounts payable. Assume a 365 day year.
What is Libscomb’s Inventory Turnover?