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From the following information for Russo Merchandising Co. 2021 2020   2019 Cost of goods sold $...

From the following information for Russo Merchandising Co.

2021 2020   2019
Cost of goods sold $ 643,825 $ 426,650 $ 391,300
Merchandise inventory (December 31) 96,400 86,750 91,500


Calculate inventory turnover for 2021 and 2020 and days’ sales in inventory at December 31, 2021, and 2020. (Round your final answers to 1 decimal place.)


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Russo Merchandising Co. 2021 2020 2019
Cost of goods sold 643,825.00 426,650.00 391,300.00
Inventory     96,400.00     68,750.00     91,500.00
Average Inventory     82,575.00     80,125.00
Inventory Turnover
Cost of goods sold/ Average Inventory               7.80               5.30
Days’ sales in inventory
365/ Inventory Turnover             46.80             68.90
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