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Calculate inventory turnover

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Reference no: EM133023976

Problem - From the following information for Russo Merchandising Co.

 

2021

2020

2019

Cost of goods sold

$643,825

$426,650

$391,300

Merchandise inventory (December 31)

96,400

86,750

91,500

Required - Calculate inventory turnover for 2021 and 2020 and days' sales in inventory at December 31, 2021, and 2020.

Reference no: EM133023976

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