Use the Table for the Question(s)below

question 7

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 cash conversion cycle is closest to:

• A)51 days.
• B)66 days.
• C)71 days.
• D)129 days.

---

Definitions:

Congress

The legislative branch of the United States government, composed of two parts: the Senate and the House of Representatives.

1923

A year known for various historical events, such as the establishment of the Republic of Turkey and significant cultural and political developments worldwide.

Gender Discrimination

Unfair or unequal treatment of individuals based on their sex or gender, often resulting in disadvantages in employment, education, and other areas.

Title IV

Refers to a portion of the Higher Education Act of 1965 that covers federal financial aid programs for students attending college or career schools.