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Suppose at December 3 1 of a recent year, the following information ( in thousands ) was available for sunglasses manufacturer Oakley, Inc.: ending inventory

Suppose at December 31 of a recent year, the following information (in thousands) was available
for sunglasses manufacturer Oakley, Inc.: ending inventory $136,400, beginning inventory
$105,600, cost of goods sold $308,550, and sales revenue $668,800.
Calculate the inventory turnover and days in inventory for Oakley, Inc. (Round inventory turnover to
2 decimal places, e.g.15.25 and days in inventory to 0 decimal places, e.g.15. Use 365 days for
calculation.)
Inventory turnover
times
Days in inventory
days
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