Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses

Question:

Suppose at December 31 of a recent year, the following information (in thousands)

was available for sunglasses manufacturer Oakley, Inc.: ending inventory $155,377;

beginning inventory $119,035; cost of goods sold $349,114; and sales revenue $761,865.

Calculate the inventory turnover and days in inventory for Oakley, Inc.

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