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Use the Table for the Question(s)below

question 16

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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) 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 inventory days is closest to: A) 32 days. B) 59 days. C) 39 days. D) 42 days.
-Luther's inventory days is closest to:

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Definitions:

Constraint

A limitation or restriction that affects the performance or capacity of a process, system, or organization.

Profitability

The ability of a company or product to generate income over cost, leading to profit.

Mixing Machines

Equipment used in manufacturing and baking industries to blend or mix ingredients into a homogeneous substance.

Variable Cost

Costs that vary directly with the level of production output, such as materials and labor, in contrast with fixed costs, which remain constant regardless of output.

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