Question: D Question 1 1 pts Libscomb Technologies' annual sales are $5,070,085 and all sales are made on credit, it purchases $4,110,662 of materials each year
D Question 1 1 pts Libscomb Technologies' annual sales are $5,070,085 and all sales are made on credit, it purchases $4,110,662 of materials each year (and this is its cost of goods sold). Libscomb also has $505,868 of inventory, 5484,739 of accounts receivable, and $416,620 of accounts payable. Assume a 365 day year. What is Libscomb's Inventory Turnover
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
