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Libscomb Technologies' annual sales are $6,467,890 and all sales are made on credit, it purchases $4,009,844 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $6,467,890 and all sales are made on credit, it purchases $4,009,844 of materials each year (and this is its cost of goods sold). Libscomb also has $576,656 of inventory, $1,475,000 of accounts receivable, and $1,400,000 of accounts payable. Assume a 365 day year. What is Libscomb's Receivables Period (in days)? Libscomb Technologies' annual sales are $6,279,759 and all sales are made on credit, it purchases $3,778,806 of materials each year (and this is its cost of goods sold). Libscomb also has $586,920 of inventory, $568,528 of accounts receivable, and $454,195 of accounts payable. Assume a 365 day year. What is Libscomb's Operating Cycle (in days)
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