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Libscomb Technologies' annual sales are $6,341,042 and all sales are made on credit, it purchases $3,503,740 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $6,341,042 and all sales are made on credit, it purchases $3,503,740 of materials each year (and this is its cost of goods sold). Libscomb also has $504,034 of inventory, $568,534 of accounts receivable, and $461,790 of accounts payable. Assume a 365 day year. What is Libscomb's Inventory Period (in days)? I
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