1. Libscomb Technologies' annual sales are $5,340,396 and all sales are made on credit, it purchases $4,107,224 of materials each year (and this is its cost of goods sold). Libscomb also has $592,230 of inventory, $514,772 of accounts receivable, and $411,396 of accounts payable. Assume a 365 day year.

What is Libscombs Receivables Turnover?

2. Libscomb Technologies' annual sales are $6,068,380 and all sales are made on credit, it purchases $4,006,330 of materials each year (and this is its cost of goods sold). Libscomb also has $546,527 of inventory, $1,475,000 of accounts receivable, and $1,400,000 of accounts payable. Assume a 365 day year.

What is Libscombs Receivables Period (in days)?