Suppose at December $31$ of a recent year, the following information $($in thousands$)$ was available for sunglasses manufacturer Oakley, Inc.: ending inventory $$181,000,$ beginning inventory $$119,000,$ cost of goods sold $$343,500,$ and sales revenue $$867,000.$

$($a$)$

Your answer is incorrect.

Calculate the inventory turnover for Oakley, Inc. $($Round answer to $2$ decimal places, e$.$g$.1\mathrm{.}25.)$

Inventory turnover times

$($b$)$

Calculate days in inventory for Oakley, Inc. $($Round answer to $0$ decdmal places, e$.$g$.15.$ Use $365$ days for calculation.$)$

Days in inventory $ days