Use the Table for the Question(s)below

question 18

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 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.

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Definitions:

Occupational Safety

The discipline focused on protecting the safety, health, and welfare of people engaged in work or employment.

Social Regulation

Rules designed to protect the public interest by controlling how businesses operate, focusing on issues like health, safety, and the environment.

Industrial Regulation

Government policies and rules that oversee the operations, standards, and competitive practices of businesses within specific industries.

Deregulation

The decrease or removal of governmental control in a specific sector, typically implemented to enhance competitive conditions within that sector.