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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 $155,377; beginning inventory
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $155,377; beginning inventory $119,035; cost of goods sold $349,114 and sales revenue $761,865. (a) Your answer is incorrect. Calculate the inventory turnover for Oakley, Inc. (Round Inventory turnover to 2 decimal places, eg. 5.12.) Inventory turnover times
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