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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 $130,200, beginning
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending inventory $130,200, beginning inventory $100,800, cost of goods sold $308,385, and sales revenue $668,800. Calculate the inventory turnover and days in inventory for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 15.25 and days in inventory to O decimal places, e.g. 15. Use 365 days for calculation.) Inventory turnover Days in inventory times days
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