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Question: Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $149,378; beginning inventory $114,088; cost of goods sold $356,234 and sales revenue $747,712.

A) Calculate the inventory turnover for Oakley, Inc.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92571802

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