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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 $150,000, beginning inventory

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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 $150,000, beginning inventory $115,000, cost of goods sold $304,750, and sales revenue $761,000. (a1) Your answer is correct. Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turnover times (a2) Calculate the days in inventory for Oakley, Inc, (Round days in inventory to 0 decimal places, e.g. 125.)

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