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Zolol [24]
3 years ago
13

Anthony Corporation reported the following amounts for the year: Net sales $296,000 Cost of goods sold 138,000 Average inventory

50,000 Anthony's average days in inventory is (round to the nearest whole day):
Business
1 answer:
never [62]3 years ago
4 0

Answer:

132.25 days

Explanation:

average days in inventory is an activity ratio.

Activity ratios calculates the efficiency of performing daily tasks.

average days in inventory = number of days in a period / inventory turnover

inventory turnover = cost of goods sold / average inventory = 138,000 / 50,000 = 2.76

Assuming a 365 day period , 365 / 2.76 = 132.25

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olga_2 [115]

Answer:

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Explanation:

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4 0
4 years ago
To an economist, an increase in demand means the same thing as an increase in quantity demanded.
Morgarella [4.7K]
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7 0
3 years ago
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3 years ago
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Answer: 1.

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3 0
3 years ago
Read 2 more answers
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Ede4ka [16]

Answer:

Explanation:

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