From the following information for Russo Merchandising Co., calculate merchandise turnover for 2015 and 2014 and days'

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From the following information for Russo Merchandising Co., calculate merchandise turnover for 2015 and 2014 and days' sales in inventory at December 31, 2015 and 2014. Round answers to one decimal place.

Comment on Russo's efficiency in using its assets to support increasing sales from 2014 to 2015.

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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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Question Posted: Mar 08, 2016 07:55 AM

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From the following information for Russo Merchandising Co., calculate merchandise turnover for 2015 and 2014 and days'

Question:

2014 $426,650 86,750 2015 Cost of goods sold.$643,825 Merchandise inventory (December 31)... 2013 S391,300 91,500 96,400

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It appears that Russo has lower levels of merchand...View the full answer

Fundamental Accounting Principles

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