Use the Table for the Question(s)below

question 4

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 2006.A simplified balance sheet for the firm appears below:
Luther Industries
Balance Sheet
As of December 31,2006
(millions of dollars)
-Luther's Inventory days is closest to:

• A)32 days
• B)59 days
• C)39 days
• D)42 days

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Definitions:

Communication Skills

The ability to convey or exchange information effectively through various means.

Third-Party Involvement

The participation or intervention of an entity not directly involved in a matter to facilitate resolution or decision-making.

Formal Power

Authority granted through official or structured positions within organizations or institutions.

Mediators

Neutral third parties who assist in negotiating agreements between disputing parties by facilitating communication and proposing solutions.