At December 31, 2004, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending

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At December 31, 2004, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending inventory $115,061; beginning inventory

$98,691; cost of goods sold $265,104; and sales revenue $585,468. Calculate the inventory turnover ratio and days in inventory for Oakley, Inc.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471730514

4th Edition

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

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