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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 $164,000; beginning
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $164,000; beginning inventory $116,000; cost of goods sold $364,000 and sales revenue $764,000. Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover times eTextbook and Media List of Accounts Calculate the days in inventory for Oakley, Inc. (Round days in inventory to O decimal places, e.g. 125.) Days in inventory days
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