Because of recent advances in data warehousing and data mining, the amount of data we produce is expected to decrease in the near future
Indicate whether the statement is true or false
FALSE
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A positive contribution to savings must lead to an increase in assets, a decrease in liabilities, or a combination of each
Indicate whether the statement is true or false
Luther's Inventory days is closest to ________
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) Assets Liabilities and Equity Cash 25 Accounts payable 60 Accounts receivable 85 Notes payable 425 Inventory 90 Accruals 45 Total current assets 200 Total current liabilities 530 Net plant, property, and equipment 6100 Long term debt 2725 Total assets 6300 Total liabilities 3255 Common equity 3045 Total liabilities and equity 6300 A) 32 days B) 59 days C) 39 days D) 42 days