Anthony Corporation Reported the Following Amounts for the Year $\begin{array}{lr}\text { Net sales } & \$ 296,000 \\\text { Cost of goods sold } & 138,000 \\\text { Average inventory } & 50,000\end{array}$

question 56

Multiple Choice

Anthony Corporation reported the following amounts for the year:
$\begin{array}{lr}\text { Net sales } & \$ 296,000 \\\text { Cost of goods sold } & 138,000 \\\text { Average inventory } & 50,000\end{array}$
Anthony's inventory turnover ratio is:

• A)2.42.
• B)2.76.
• C)3.21.
• D)2.14.

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Definitions:

DSM

The Diagnostic and Statistical Manual of Mental Disorders, a standardized classification of mental disorders used by mental health professionals.

Discrete Categories

Distinct and separate groups or classifications without overlap.

Reduction

The process of making something smaller or less in amount, size, or importance.

Emotional Outbursts

Sudden, intense expressions of emotion that may not be appropriate to the situation.