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Luther Industries had sales of $765 million and a cost of goods sold of $375 million in 2019. A simplified balance sheet for the firm

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Luther Industries had sales of $765 million and a cost of goods sold of $375 million in 2019. A simplified balance sheet for the firm appears below: Luther Industries Balance Sheet As of December 31, 2019 (millions of dollars) Luther's operating cycle is closest to: 88 days. 125 days. 181 days. 215 days

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