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) 
-Calculate the number of days in Luther's Operating Cycle.
Definitions:
Rate Of Return
Profitability or loss incurred from an investment within a fixed period, quantified as a percentage of the investment's buying cost.
Credit Default Swap
A financial derivative allowing an investor to "swap" or offset their credit risk with that of another investor.
CDS
CDS stands for Credit Default Swap, a financial derivative allowing an investor to "swap" or offset their credit risk with that of another investor.
Coupon Bond
A type of bond that offers interest payments through coupons to the bondholder until its maturity, when the principal amount is reimbursed.
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