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Use the Table for the Question(s)below

Question 25

Multiple Choice

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 2006.
A simplified balance sheet for the firm appears below:
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 2006. A simplified balance sheet for the firm appears below: -Luther's Inventory days is closest to: A) 32 days B) 59 days C) 39 days D) 42 days E) 47 days 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 2006. A simplified balance sheet for the firm appears below: -Luther's Inventory days is closest to: A) 32 days B) 59 days C) 39 days D) 42 days E) 47 days
-Luther's Inventory days is closest to:


A) 32 days
B) 59 days
C) 39 days
D) 42 days
E) 47 days

Correct Answer:

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