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  2. Topic
    Business
  3. Study Set
    Corporate Finance
  4. Exam
    Exam 2: Introduction to Financial Statement Analysis
  5. Question
    Use the Table for the Question(s)below
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Use the Table for the Question(s)below

Question 72

Question 72

Multiple Choice

Use the table for the question(s) below.
Consider the following balance sheet: Use the table for the question(s) below. Consider the following balance sheet:     -Luther Corporation's total sales for 2019 were $610.1 million,and gross profit was $109.0 million.Accounts payable days for 2019 is closest to: A) 27.5. B) 5.71. C) 52.4. D) 63.8. Use the table for the question(s) below. Consider the following balance sheet:     -Luther Corporation's total sales for 2019 were $610.1 million,and gross profit was $109.0 million.Accounts payable days for 2019 is closest to: A) 27.5. B) 5.71. C) 52.4. D) 63.8.
-Luther Corporation's total sales for 2019 were $610.1 million,and gross profit was $109.0 million.Accounts payable days for 2019 is closest to:


A) 27.5.
B) 5.71.
C) 52.4.
D) 63.8.

Correct Answer:

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