Use the Table for the Question(s)below

question 95

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's Accounts Payable days is closest to:

• A)39 days
• B)32 days
• C)59 days
• D)42 days
• E)47 days

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