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Libscomb Technologies' annual sales are $5,612,846 and all sales are made on credit, it purchases $3,941,367 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $5,612,846 and all sales are made on credit, it purchases $3,941,367 of materials each year (and this is its cost of goods sold). Libscomb also has $513,911 of inventory, $546,750 of accounts receivable, and $439,515 of accounts payable. Assume a 365 day year. What is Libscombs Receivables Turnover
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