From the following information for Russo Merchandising Co., calculate merchandise turnover for 2015 and 2014 and days'
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Comment on Russo's efficiency in using its assets to support increasing sales from 2014 to 2015.
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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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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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