Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $166,000; beginning inventory $120,000; cost of goods sold $351,780 and sales revenue $761,000.
A- Calculate the inventory turnover for Oakley, Inc.
B- Calculate the days in inventory for Oakley, Inc.
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Suppose at December 31 of a recent year, the following information (in thousands) was available for...
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