Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc. : ending inventory $ 161,152;
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $ 161,152; beginning inventory $ 110,078; cost of goods sold $ 329,318 and sales revenue $ 790,672.
Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.)
Inventory turnover | enter Inventory turnover rounded to 2 decimal places | times |
eTextbook and Media
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 0 decimal places | days |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started