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Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending inventory $148,800, beginning inventory
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending inventory $148,800, beginning inventory $115,200, cost of goods sold $336,600, and sales revenue $729,600. 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 times Days in inventory days
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