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.

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Definitions:

Winning Streak

A consecutive series of wins or successes, especially in sports, demonstrating a period of good performance.

Free Shots

Another term for free throws in basketball, which are unopposed attempts to score points from a designated line on the court following a foul.

Probability

Refers to the statistical measure that quantifies the chance something will happen or is true.

Success Rate

The proportion or percentage of attempts that are successful, often used to gauge the effectiveness of a process or treatment.