Brief Exercise 6-10 (Part Level Submission) Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $166,000; beginning inventory $120,000; cost of goods sold $408,980 and sales revenue $781,000.

(a)

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Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.)

Inventory turnover

enter inventory turnover ratio rounded to 2 decimal places

times