Anthony Corporation Reported the Following Amounts for the Year: Anthony's

question 87

Multiple Choice

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

• A)2.42.
• B)2.76.
• C)3.21.

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Definitions:

Areola

A ring of darkened skin around the nipple of the breast.

Oocytes

Female reproductive cells, or eggs, which are produced in the ovaries and, when fertilized by sperm, can develop into an embryo.

Menopause

The period in a woman's life, typically occurring between ages 45 and 55, when menstrual cycles permanently cease.

Viable

Capable of working successfully or living independently, often used in the context of fetuses being able to survive outside the womb or ideas that can be practically implemented.