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.

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.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 38BE: Inventory Analysis Callahan Company reported the following information for the current year....

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Question

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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