Libscomb Technologies' annual sales are $5,486,052 and all sales are made on credit, it purchases...
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Libscomb Technologies' annual sales are $5,486,052 and all sales are made on credit, it purchases $3,796,180 of materials each year (and this is its cost of goods sold). Libscomb also has $555,358 of inventory, $490,937 of accounts receivable, and $459,906 of accounts payable. Assume a 365 day year.
What is Libscombs Inventory Period (in days)?
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