Use the table for the question(s)below.
Luther Industries had sales of $980 million and a cost of goods sold of $560 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 accounts receivable days is closest to:
A)42 days.
B)39 days.
C)32 days.
D)59 days.

Question

Use the table for the question(s)below.
Luther Industries had sales of $980 million and a cost of goods sold of $560 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 accounts receivable days is closest to:
A)42 days. 
B)39 days. 
C)32 days. 
D)59 days.

Quizplus · Accepted Answer

The Answer of Use the table for the question(s)below.
Luther Industries had sales of $980 million and a cost of goods sold of $560 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 accounts receivable days is closest to:
A)42 days. 
B)39 days. 
C)32 days. 
D)59 days.

Use the Table for the Question(s)below