Question
I need to write the answer in blanks. From the following information for Russo Merchandising Co. 2018: $643,825 2017: $426,650 2016: $391,300 2018: 96,400 2017:
I need to write the answer in blanks.
From the following information for Russo Merchandising Co.
2018: $643,825 2017: $426,650 2016: $391,300
2018: 96,400 2017: 86,750 2016: 91,500
Calculate inventory turnover for 2018 and 2017 and days' sales in inventory at December 31, 2018, and 2017.(Round your final answers to 1 decimal place.)
Inventory turnover : 2018 - ____times /2017 - _____times
Day's sales in inventory : 2018 - _____days / 2017 - _____days
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Fundamental Accounting Principles Volume I
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305821
