Agnes Company Reported the Following Data What Was the Average Days' Supply in Inventory?
A)165

question 21

Multiple Choice

Agnes Company reported the following data: $$\begin{array} { l r } \text { Quick assets } & \$ 55,000 \\\text { Current assets } & 150,000 \\\text { Total liabilities } & 300,000 \\\text { Average net receivables } & 12,600 \\\text { Beginning inventory } & 38,000 \\\text { Long-term liabilities } & 200,000 \\\text { Net credit sales } & 126,000 \\\text { Cost of goods sold } & 84,000 \\\text { Ending inventory } & 46,000\end{array}$$ What was the average days' supply in inventory?

• A)165.9
• B)202.7
• C)182.5
• D)121.7

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another.

Tulips

A type of flowering plant that is widely cultivated for its bright, large, and often colorful flowers.

Comparative Advantage

A concept in economics where a country or entity can produce a good at a lower opportunity cost than another, leading to more efficient trade benefits.

Export

The process of shipping goods or services from one country to another country for sale or trade.