Question
1. Libscomb Technologies' annual sales are $6,304,810 and all sales are made on credit, it purchases $4,295,503 of materials each year (and this is its
1.
Libscomb Technologies' annual sales are $6,304,810 and all sales are made on credit, it purchases $4,295,503 of materials each year (and this is its cost of goods sold). Libscomb also has $527,680 of inventory, $561,157 of accounts receivable, and $478,987 of accounts payable. Assume a 365 day year.
What is Libscombs Inventory Period (in days)?
2.
Libscomb Technologies' annual sales are $5,095,165 and all sales are made on credit, it purchases $3,128,182 of materials each year (and this is its cost of goods sold). Libscomb also has $516,058 of inventory, $547,234 of accounts receivable, and $411,696 of accounts payable. Assume a 365 day year.
What is Libscombs Receivables Turnover?
3.
Libscomb Technologies' annual sales are $5,045,308 and all sales are made on credit, it purchases $4,090,282 of materials each year (and this is its cost of goods sold). Libscomb also has $503,026 of inventory, $566,378 of accounts receivable, and $460,483 of accounts payable. Assume a 365 day year.
What is Libscombs Operating Cycle (in days)?
4.
Libscomb Technologies' annual sales are $5,024,624 and all sales are made on credit, it purchases $3,005,933 of materials each year (and this is its cost of goods sold). Libscomb also has $517,846 of inventory, $516,917 of accounts receivable, and $474,737 of accounts payable. Assume a 365 day year.
What is Libscombs Inventory Turnover?
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