Use the Table for the Question(s)below

question 48

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:

-Luther's Accounts Receivable days is closest to:

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

---

Definitions:

Confidence Interval

A spectrum of numbers, obtained from sampled evidence, which is expected to encompass the magnitude of an undetermined population statistic.

Standard Deviation

A measure that quantifies the spread of a dataset around its mean, determined by taking the square root of the variance.

Confidence Interval

A bracket of numbers, taken from the study of a sample, poised to contain the value of a not-identified population parameter.

Standard Deviation

A statistical measure that represents the dispersion or variability of a set of data points around their mean.