Libscomb Technologies' annual sales are $6,704,342 and all sales are made on credit, it purchases $4,202,337 of material

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Libscomb Technologies' annual sales are $6,704,342 and all sales are made on credit, it purchases $4,202,337 of material

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Libscomb Technologies Annual Sales Are 6 704 342 And All Sales Are Made On Credit It Purchases 4 202 337 Of Material 1
Libscomb Technologies Annual Sales Are 6 704 342 And All Sales Are Made On Credit It Purchases 4 202 337 Of Material 1 (30.7 KiB) Viewed 12 times
Libscomb Technologies' annual sales are $6,704,342 and all sales are made on credit, it purchases $4,202,337 of materials each year (and this is its cost of goods sold). Libscomb also has $565,033 of inventory, $516,368 of accounts receivable, and $464,438 of accounts payable. Assume a 365 day year. What is Libscomb's Receivables Turnover?
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