Question: all information given is provided. Font AabbccDdE JADE A BEE EN Luther Industries Balance Sheet As of December 31, 2011 (millions of dollars) Assets Cash

all information given is provided.

Font AabbccDdE JADE A BEE EN Luther Industries Balance Sheet As of December 31, 2011 (millions of dollars) Assets Cash Accounts receivable Inventory Total current assets Net plant, property, and equipment Total assets 25 85 90 200 Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities 530 6100 6300 L ong-term debt 2725 Total liabilities liabilities 3255 Common equity3045 Total liabilities and equity 6300 3) Calculate Luther's cash conversion cycle (7 points) Inventory Days Account Payables Days Account Receivable Days Cash Conversion Cycle 1 241 days Print Layout View Sec 1 Pages: 10 of 18 Words 1397 of 2680 120%

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