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Below shows the value of some accounting items of Lam Research (ticker: LRCX) for the...

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Finance

Below shows the value of some accounting items of Lam Research (ticker: LRCX) for the accounting period ends in the past three years. Please use the information to calculate cash savings from changes in Days Payable Outstanding.

2017 2018 2019
Revenue 8,013,620 11,076,998 9,653,559
Cost of goods sold 4,410,261 5,911,966 5,295,100
Net income $1,697,763 $2,380,681 $2,191,430
Investments 3,663,628 437,338 1,772,984
Accounts receivable 1,673,398 2,176,936 1,455,522
Inventories 1,232,916 1,876,162 1,540,140
Accounts payable 464,643 510,983 376,561
Total assets 12,122,765 12,479,478 12,001,333
Total liabilities 5,135,453 5,899,435 7,278,029

Group of answer choices

6,858.4

10,200.4

2,255.1

7,189.36

Answer & Explanation Solved by verified expert
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