Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $172,000; beginning inventory $115,000; cost of goods sold $398,930 and sales revenue $767,000.

Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.)

Inventory turnover

enter inventory turnover ratio rounded to 2 decimal places

times

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List of Accounts

Calculate the days in inventory for Oakley, Inc. (Round days in inventory to 0 decimal places, e.g. 125.)

Days in inventory

enter days in inventory rounded to the nearest whole

days

eTextbook and Media

List of Accounts