Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $170,000; beginning inventory $121,000; cost of goods sold $398,670 and sales revenue $779,000.

(a)

Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.)

Inventory turnover

enter inventory turnover ratio rounded to 2 decimal places

times