Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $181,000, beginning inventory $119,000, cost of goods sold $343,500, and sales revenue $867,000. (a) Your answer is incorrect. Calculate the inventory turnover for Oakley, Inc. (Round answer to 2 decimal places, e.g. 1.25.) Inventory turnover times D

Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $181,000, beginning inventory $119,000, cost of goods sold $343,500, and sales revenue $867,000. (a) Your answer is incorrect. Calculate the inventory turnover for Oakley, Inc. (Round answer to 2 decimal places, e.g. 1.25.) Inventory turnover times D

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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