Use the Table for the Question(s)below

question 4

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 Industries
Balance Sheet
As of December 31,2006
(millions of dollars)
-Luther's Inventory days is closest to:

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

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Definitions:

Synthesis Reactions

Chemical reactions in which two or more substances combine to form a more complex product.

Catabolism

The breakdown of complex molecules into smaller units, releasing energy in the process.

Anabolism

The aspect of metabolism that involves the creation of complex molecules from simpler ones, leading to growth.

Hydrolysis

A chemical reaction where water is used to break down the bonds of a compound, resulting in the decomposition of that compound into its constitutive elements or simpler compounds.