Q6

At December 31, suppose that the following information (in thousands) was available for Banana Republic Inc.: ending inventory $22,600; beginning inventory $21,400; cost of goods sold $198,000, and sales revenue $430,000. Calculate the inventory turnover and days in inventory for Banana Republic. (Round answers to 1 decimal places, eg. 15.2. Use 365 days for calculation.) Inventory turnover times Days in inventory days