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Use the Table for the Question(s)below

Question 61

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 cash conversion cycle is closest to: A) 51 days B) 66 days C) 71 days D) 129 days E) 89 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 cash conversion cycle is closest to: A) 51 days B) 66 days C) 71 days D) 129 days E) 89 days
-Luther's cash conversion cycle is closest to:


A) 51 days
B) 66 days
C) 71 days
D) 129 days
E) 89 days

Correct Answer:

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