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:

Assault

An act that threatens or inflicts physical harm or intimidation on another person.

Misrepresentation

A false statement of fact made by one party to another party, which has the effect of inducing that party into the contract.

Cyber Torts

Wrongful acts or infringements of rights through the use of the internet or digital technologies, leading to legal claims.

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A virtual environment comprised of networked computers and digital platforms where users interact, share information, and conduct transactions.