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  2. Topic
    Business
  3. Study Set
    Fundamentals of 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 69

Question 69

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 2012 were $610.1, and gross profit was $109.0. Accounts payable days for 2012 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 2012 were $610.1, and gross profit was $109.0. Accounts payable days for 2012 is closest to: A) 27.5 B) 5.71 C) 52.4 D) 63.8
-Luther Corporation's total sales for 2012 were $610.1, and gross profit was $109.0. Accounts payable days for 2012 is closest to:


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

Correct Answer:

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