Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer both 1. the inventory turnover 2. the days in inventory Suppose at December 31 of a recent year, the following information (in thousands)
please answer both
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc: ending inventory $167,000, beginning inventory $124,000, cost of goods sold $369,570, and sales revenue $781,000. (a1) Calculate the inventory turnover for Oakley, Inc. (Round inventory tumover to 2 decimal places, es. 5.12.) Inventory turnover times 1. the inventory turnover
2. the days in inventory
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started