Web5) Lutherʹs Inventory days is closest to: A) 32 days B) 59 days C) 39 days D) 42 days Answer: B Explanation: B) Inventory days = Inventory COGS / 365 = $90 $560 / 365 =58.66 days Diff: 1 Skill: Analytical © © © Corporate Finance: The Core Berk/DeMarzo Solutions © Corporate Finance Berk/DeMarzo Solutions © Fundamentals of Corporate Finance WebMar 14, 2024 · The Inventory Period is calculated as follows: Inventory Period = 365 / Inventory Turnover Where the formula for Inventory Turnover is: Inventory Turnover = Cost of Goods Sold / Average Inventory The Accounts Receivable Period is calculated as follows: Accounts Receivable Period = 365 / Receivables Turnover
ACF Chapter 26 Flashcards Quizlet
Web27.0%. A loan agreement that requires the firm to pay interest on the loan and pay back the principal in one lump sum at the end of the loan is called: a short-term mortgage loan. a … WebA simplified balance sheet for the firm appears below: Luther Industries Balance Sheet As of December 31, 2006 (millions of dollars) 17) Luther's Inventory days is closest to: A) 32 days B) 59 days C) 39 days D) 42 days 18) Luther's Accounts Receivable days is closest to: A) 42 days B) 39 days C) 32 days D) 59 days pipe size and pressure to flow rate
How To Calculate Days in Inventory (With 3 Examples)
WebAug 8, 2024 · How to calculate days in inventory. Days in Inventory = (Average Inventory / Cost of Goods Sold) x Period Length. Period length: Period length refers to the amount of … WebLuther 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: Multiple Choice Q04 Tags Add Choose question tag Discard Apply WebInventory in (days) formula: View the full answer Final answer Transcribed image text: Luther Corporation Cononlidatad p sanon Chant Luther Corporation's total sales for 2024 … pipes in windows cmd