Question
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc. : ending inventory $149,378; beginning
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $149,378; beginning inventory $114,088; cost of goods sold $356,234 and sales revenue $747,712.
A) Calculate the inventory turnover for Oakley, Inc.
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Financial Accounting An Introduction
Authors: Pauline Weetman
4th Edition
0273703404, 978-0273703402
