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Use the Table for the Question(s)below

question 7

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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 cash conversion cycle is closest to: A) 51 days. B) 66 days. C) 71 days. D) 129 days.
-Luther's cash conversion cycle is closest to:


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