Use the Table for the Question(s)below

question 77

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 Payable' days figure is closest to:

• A)59 days.
• B)42 days.
• C)48 days.
• D)46 days.

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Definitions:

Documents Folder

The default location within a computer's file system where documents are saved, making them easy to find and organize.

App

Short for application, a software program designed to perform a specific function directly for the user or, in some cases, for another application program.

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Small pictorial representations on a computer screen that symbolize programs, files, or functions.

User's Documents

Files and folders created or saved by a user, typically stored in a specially designated directory on a computer or cloud storage.