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Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakl Inc: ending inventory $154,000, beginning inventory
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakl Inc: ending inventory $154,000, beginning inventory $124,000, cost of goods sold $383,640, and sales revenue $779,000. (a1) Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, eg. 5.12.) Inventory turnover times
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