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

question 6

Multiple Choice

Anthony Corporation reported the following amounts for the year: Anthony's average days in inventory is (round to the nearest whole day) :
$$\begin{array} { | l | r | } \hline \text { Net sales } & \$ 296,000 \\\hline \text { Cost of goods sold } & 138,000 \\\text { Average inventory } & 50,000 \\\hline\end{array}$$

• A)170 days.
• B)114 days.
• C)132 days.

---

Definitions:

Welfare Benefits

Financial assistance provided by government agencies to individuals or families in need, aimed at ensuring a minimum standard of living.

Income Inequality

Income inequality refers to the extent to which income is distributed unevenly among a population.

Income Levels

The different tiers of annual income among individuals or households, often categorized to analyze economic inequality, spending habits, or tax policies.

Incidence

The occurrence, rate, or frequency of a disease, crime, or something similarly undesirable.