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Anthony Corporation reported the following amounts for the year:
Net sales$296,000
Cost of goods sold 138,000
Average inventory 50,000
Problem 1: Anthony's average days in inventory is: (Round to the nearest whole day.)
Multiple Choice
A: 170 days.B: 114 days.C: 132 days.D: 151 days.
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What are the key legal factors present in the scenario? What are the 4 elements of a valid contract? How do they relate to the scenario in question?
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