Anthony Corporation reported the following amounts for the year: Net sales$296,000Cost of goods sold138,000Average inventory50,000 Anthony's average
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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 whole day.)
Multiple Choice
- A: 170 days.
- B: 114 days.
- C: 132 days.
- D151 days.
Expert Answer:
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