Question
Anthony Corporation reported the following amounts for the year: Net sales$296,000Cost of goods sold138,000Average inventory50,000 Anthony's average days in inventory is: (Round to the nearest
Anthony Corporation reported the following amounts for the year:
Net sales$296,000Cost of goods sold138,000Average inventory50,000
Anthony's average days in inventory is:(Round to the nearest whole day.)
Multiple Choice
- A: 170 days.
- B: 114 days.
- C: 132 days.
- D: 151 days.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
