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urgent!! Luther Industries had sales of $998 million and a cost of goods sold of $560 million in 2019. A simplified balance sheet for the

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urgent!!

Luther Industries had sales of $998 million and a cost of goods sold of $560 million in 2019. A simplified balance sheet for the firm appears below. Luther's cash conversion cycle is closest to: Luther Industries Balance Sheet As of December 31, 2019 Assets Cash Accounts receivable Inventory Total current assets Net plant, property, and equipment S millions Liabilities and Equity $ millions 25 Accounts payable 60 B5 Notes payable 425 90 Accruals 45 200 Total current liabilities 530 6100 Long term debt 2725 3255 3045 Total liabilities Common equity Total liabilities and equity Total assets 6300 6300 V Select one: a. 51 days b. 90 days c. 46 days Od. 67 days

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