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Libscomb Technologies' annual sales are $6,905,035 and all sales are made on credit, it purchases $3,852,517 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $6,905,035 and all sales are made on credit, it purchases $3,852,517 of materials each year (and this is its cost of goods sold). Libscomb also has $592,175 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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