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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