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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 $157,000; beginning inventory $121,000; cost of goods sold $333,600 and sales revenue $773,000.
(a)
Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g.5.12.)
Inventory turnover times
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