Use the Table for the Question(s)below

question 30

Multiple Choice

Use the table for the question(s) below.
Luther Enterprises Ltd had sales of $850 million and a cost of goods sold of $500 million in 2016.
A simplified balance sheet for the firm appears below:
-Luther's 'Accounts Receivable' days figure is closest to:

• A)39 days.
• B)40 days.
• C)59 days.
• D)42 days.

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Definitions:

Human Cells

The basic structural, functional, and biological units of the human body, essential for all life processes.

Meiosis

A type of cell division that reduces the chromosomal number by half, leading to the production of gametes in sexually reproducing organisms.

Diploid

An organism or cell having two sets of chromosomes or twice the haploid number, characteristic of most adult forms.

Haploid

A cell or organism having a single set of chromosomes, typically half the normal diploid number, characteristic of gametes.