Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending inventory $ 156,000, beginning inventory $ 120,000, cost of goods sold $ 346,380, and sales revenue $ 786,000.

Calculate the inventory turnover for Oakley, Inc. (Round answer to 2 decimal places, e.g. 1.25.)

inventory turnover _____ times.