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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 $153,244; beginning inventory $111,964; cost of goods sold $324,929 and sales revenue $803,091.

Part 1) Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places)

Part 2) Calculate the days in inventory for Oakley, Inc. (Round days in inventory to 0 decimal places)

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M92042489

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