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Libscomb Technologies' annual sales are $5,228,580 and all sales are made on credit, it purchases $4,187,322 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $5,228,580 and all sales are made on credit, it purchases $4,187,322 of materials each year (and this is its cost of goods sold). Libscomb also has $510,071 of inventory, $531,088 of accounts receivable, and $476,033 of accounts payable. Assume a 365 day year. What is Libscomb's Receivables Turnover
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