Mixon Company showed the following selected information for the years ended December 31, 2014, 2013, and 2012:

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Mixon Company showed the following selected information for the years ended December 31, 2014, 2013, and 2012:
Mixon Company showed the following selected information for the years

For the years ended 2014 and 2013, calculate:
a. Days' sales in inventory
b. Merchandise turnover.
Indicate if the change in the ratio from 2013 to 2014 is generally considered to be favourable (good) or unfavourable (not good), Round calculations to two decimal places.

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Related Book For  book-img-for-question

Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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