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Libscomb Technologies' annual sales are $6,700,291 and all sales are made on credit, it purchases $3,059,202 of material
Posted: Sun Jul 03, 2022 6:42 am
by answerhappygod
- Libscomb Technologies Annual Sales Are 6 700 291 And All Sales Are Made On Credit It Purchases 3 059 202 Of Material 1 (35.63 KiB) Viewed 14 times
Libscomb Technologies' annual sales are $6,700,291 and all sales are made on credit, it purchases $3,059,202 of materials each year (and this is its cost of goods sold). Libscomb also has $505,320 of inventory, $538,622 of accounts receivable, and $455,811 of accounts payable. Assume a 365 day year. What is Libscomb's Inventory Turnover?