Question: D Question 1 5 pts Libscomb Technologies' annual sales are $5,581,476 and all sales are made on credit, it purchases $3,243,053 of materials each year
D Question 1 5 pts Libscomb Technologies' annual sales are $5,581,476 and all sales are made on credit, it purchases $3,243,053 of materials each year and this is its cost of goods sold). Libscomb also has $507,883 of inventory, $545,793 of accounts receivable, and beginning and ending of year $475,300 and $430,427 accounts payables (respectively). Assume a 365 day year. What is Libscomb's Cash Cycle (in days)
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