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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 $154,000; beginning inventory

Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $154,000; beginning inventory $124,000; cost of goods sold $383,640 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 turn over enter inventory turnover ratio rounded to 2 decimal places times

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