At December 31, 1998, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending

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At December 31, 1998, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending inventory $35,548; beginning inventory

$26,200; cost of goods sold $86,134; and sales revenue $231,934. Calculate the inventory turnover ratio and days in inventory for Oakley, Inc.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471347743

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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