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Libscomb Technologies' annual sales are $6,204,430 and all sales are made on credit, it purchases $4,255,171 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $6,204,430 and all sales are made on credit, it purchases $4,255,171 of materials each year (and this is its cost of goods sold). Libscomb also has $578,382 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)?
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