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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
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 Libscomb's Inventory Turnover
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