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:

Biological Systems

Complex networks of biologically relevant entities and processes that interact within living organisms to sustain life and enable function.

External Incentives

Rewards or punishments coming from the environment that influence behavior, such as money, praise, or penalties.

Sympathetic Nervous System

Part of the autonomic nervous system responsible for the body's 'fight or flight' response during perceived threats, increasing heart rate, and releasing adrenaline.

James-Lange Theory

A theory of emotion proposing that emotions occur as a result of physiological reactions to events.