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Libscomb Technologies' annual sales are $5,315,351 and all sales are made on credit, it purchases $3,596,439 of material
Posted: Sun Jul 03, 2022 6:42 am
by answerhappygod
- Libscomb Technologies Annual Sales Are 5 315 351 And All Sales Are Made On Credit It Purchases 3 596 439 Of Material 1 (31.9 KiB) Viewed 11 times
Libscomb Technologies' annual sales are $5,315,351 and all sales are made on credit, it purchases $3,596,439 of materials each year (and this is its cost of goods sold). Libscomb also has $553,766 of inventory, $1,475,000 of accounts receivable, and $1,400,000 of accounts payable. Assume a 365 day year. What is Libscomb's Receivables Period (in days)?