Anthony Corporation reported the following amounts for the year: Net sales Cost of goods sold Average inventory Anthony's average days in inventory is: (Round to the nearest whole day.) Multiple Choice 170 days. O 114 days. O 132 days. $296,000 138,000 50,000 151 days.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Anthony Corporation reported the following amounts for the year:
Net sales
Cost of goods sold
Average inventory
Anthony's average days in inventory is: (Round to the nearest whole day.)
Multiple Choice
170 days.
O 114 days.
O 132 days.
$296,000
138,000
50,000
151 days.
Transcribed Image Text:Anthony Corporation reported the following amounts for the year: Net sales Cost of goods sold Average inventory Anthony's average days in inventory is: (Round to the nearest whole day.) Multiple Choice 170 days. O 114 days. O 132 days. $296,000 138,000 50,000 151 days.
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