Libscomb Technologies' annual sales are $5,092,711 and all sales are made on credit, it purchases $4,148,577 of material

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Libscomb Technologies' annual sales are $5,092,711 and all sales are made on credit, it purchases $4,148,577 of material

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Libscomb Technologies Annual Sales Are 5 092 711 And All Sales Are Made On Credit It Purchases 4 148 577 Of Material 1
Libscomb Technologies Annual Sales Are 5 092 711 And All Sales Are Made On Credit It Purchases 4 148 577 Of Material 1 (30.66 KiB) Viewed 9 times
Libscomb Technologies' annual sales are $5,092,711 and all sales are made on credit, it purchases $4,148,577 of materials each year (and this is its cost of goods sold). Libscomb also has $510,136 of inventory, $536,735 of accounts receivable, and $432,480 of accounts payable. Assume a 365 day year. What is Libscomb's Inventory Period (in days)?
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