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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 $157,000; beginning inventory
Suppose at December 31 of a recent year, the following information in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $157,000; beginning inventory $121,000; cost of goods sold $333,600 and sales revenue $773,000. (a) Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover times Click if you would like to Show Work for this question: Open Show Work
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