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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 $136,400; beginning
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc. : ending inventory $136,400; beginning inventory $105,600; cost of goods sold $308,550 and sales revenue $668,800. A- Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.) B- Calculate the days in inventory for Oakley, Inc. (Round days in inventory to 0 decimal place, e.g. 125.)
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