Is the merchandise inventory turnover favorable or

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Reference no: EM13568011

The following data are taken from the financial statements:

2009 2008

Net sales $2,480,000 $2,345,000 Cost of goods sold 1,480,000 1,407,000

Average monthly inventory 230,000 200,000

Inventory Ending 234,000 215,880

(a) Determine for 2009 and 2008 the merchandise inventory turnover.

(b) Determine for 2009 and 2008 the number of days sales on ending inventory.

Reference no: EM13568011

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