Question
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc. : ending inventory $195,300, beginning
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending inventory $195,300, beginning inventory $151,200, cost of goods sold $450,450, and sales revenue $957,600. 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 | enter inventory turnover in times rounded to 2 decimal places | times | |
---|---|---|---|
Days in inventory | enter a number of days in inventory rounded to 0 decimal places | days |
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