Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $164,000; beginning inventory $116,000; cost of goods sold $364,000 and sales revenue $764,000. What is the inventory turnover for this question? What are the the days in inventory for Oakley, Inc?

Q: The Tampa Manufacturing Company had the following financial data for December 31, the end of the…

A: We have the following information: Cost of goods sold: $500,000 Beginning Merchandise Inventory:…

Q: Suppose at December 31 of a recent year, the following information (in thousands) was available for…

A: Inventory Turnover ratio:Inventory Turnover ratio is one of the ratioes which is used to calculate…

Q: The following data were extracted from the income statement of Keever Inc.:   Current Year Previous…

A: Formulaes for calculation of inventory turnover ratio are given below   inventory turnover = cost…

Q: Based on the following data for the current year, what is the number of days' sales in inventory?…

A: Inventory turnover ratio is a ratio which determines how efficiently and effectively the inventory…

Q: The following data were extracted from the income statement of Shriver Inc.: Current Year Prior Year…

A: DIO( Days Inventory Outstanding)=(Avg Inventory/COGS)*No of days

Q: Based on the following data for the current year, what is the number of days' sales in inventory…

A: Average Inventory = (Inventory, beginning of year + Inventory, end of year) / 2 Average Inventory =…

Q: A7X Corporation has ending inventory of $815,716, and cost of goods sold for the year just ended was…

A: Cost of Goods Sold  = $9,647,235Inventory = $815,716Number of days in year = 365

Q: Based on the following data for the current year, what is the inventory turnover? Sales on account…

A: Inventory Turnover ratio : This ratio is the relationship between Cost of goods sold and Average…

Q: A recent annual report of Gateway $2000 , Inc. , shows : cost of goods sold. $4,072; inventory at…

A: Operating cycle is the number of days required to receive Inventory, sale of Inventory and…

Q: Based on the following data for the current year, what is the number of days' sales in inventory?…

A: Days sales in inventory = 365/(cost of goods sold/Average inventory)  Average inventory = (Opening…

Q: The following data were extracted from the income statement of Keever Inc.:   Current Year Previous…

A: The inventory turnover ratio helps to analyze the efficiency of the business to convert its…

Q: Bobaflex Corporation has ending inventory of $527,156 and cost of goods sold for the year just ended…

A: Given information: Cost of goods sold for the year is $8,543,132 Ending inventory is amounted to…

Q: company reports the following:   Cost of goods sold $4,445,700   Average inventory 255,500 Determine…

A: Lets understand the basics. Inventory turnover ratio is a ratio which indicates how many time…

Q: Find the inventory turnover at retail of Walker Manufacturing. The starting inventory at retail was…

A: The inventory turnover at retail can be calculated using the formula: Inventory turnover at retail =…

Q: On January 1, Veltron International has inventory worth $599,900 at cost. At the end of the year,…

A: Inventory turnover is the number of times inventory is sold and replaced during the year. It…

Q: A company reports the following: Cost of goods sold $585,825 Average inventory 78,110…

A: Inventory turnover ratio: This is a financial measure that is used to evaluate as to how many times…

Q: Find the inventory turnover at retail of Walker Manufacturing. The starting inventory at retail was…

A:

Q: Based on the following data for the current year, what is the inventory turnover? Sales on account…

A: Given: Inventory, beginning of year 39,811 Inventory, end of year 39,291 Cost of goods…

Q: Compute Altoona Company's (a) inventory turnover ratio and (b) number of days' sales in inventory…

A: Inventory turnover ratio (ITR) is a financial ratio that indicates how many times a company's…

Q: Find the inventory turnover at retail of Walker Manufacturing. The starting inventory at retail was…

A: Average inventory = (Beginning inventory + Ending inventory) / 2 = ($632,300 + $421,600) / 2 =…

Q: Suppose at December 31 of a recent year, the following information (in thousands) was available for…

A: Inventory turnover ratio indicates in how many times a company sold its inventory during a…

Q: Ivanhoe Inc. reported inventory at the beginning of the current year of $260000 and at the end of…

A: Average inventory = (Beginning inventory + Ending inventory) / 2 Average inventory = ($260,000 +…

Q: SCC Company reported the following for the current year: Net sales Cost of goods sold Beginning…

A: a. Numerator/Denominator=Inventory turnoverCost of goods sold/Average inventory=Inventory…

Q: GREEN Enterprises reported the following information for the current year: Inventory, January 1…

A: Solution..   Beginning inventory = P2,300,000  Purchase = P7,105,000  Purchase return and allowances…

Q: Suppose that the following information is available for Nike Inc. for the current year. Beginning…

A: Lets understand the basics.INVENTORY TURNOVERInventory Turnover Ratio is the Ratio between Cost of…

Q: The following data were extracted from the income statement of Brecca Systems Inc.: Current Year…

A: Given:

Q: what is the number of days' sales in inventory

A: number of days' sales in inventory =(Ending Inventory/Cost of Goods Sold )X 365 days

Q: A company reports the following: Line Item Description Amount Cost of goods sold $2,007,500 Average…

A: Solution:a.   Inventory turnover = Cost of good sold / Average inventory…

Q: Find the inventory turnover at retail of Walker Manufacturing. The starting inventory at retail was…

A: Inventory Turnover Ratio - This ratio indicates how many times company replaces it inventory with…

Q: Knowledge Check 01 Cable Knit, Inc. reported cost of goods sold of $3,800 for the current year. Its…

A: The cost of goods sold is a direct cost such as  direct material, direct labor or direct expenses.…

Q: Based on the following data for the current year, what is the number of days' sales in inventory?…

A: Days sales inventory  = Average inventory/Cost of Goods sold * 365

Q: Find the inventory turnover at retail of Walker Manufacturing. The starting inventory at retail was…

A: Inventory turnover ratio represents the time when the inventory is being sold in the market.

Q: Sandhill Inc. reported inventory at the beginning of the current year of $320000 and at the end of…

A: Average inventory = (beginning inventory + ending inventory) /2 = (320000 + 371000) /2 = $345500

Q: Use the following information to complete the calculations below. Cost of goods sold $195,640…

A: Inventory is one of the essential parts of an organisation. In the balance sheet, it is classified…

Q: A company reports the following: Cost of merchandise sold $1,861,500 Average merchandise inventory…

A: analysing of the ratio is considered to be very important part both in finance and an accounts…

Q: final answers to 1 decimal place. Cost of Goods Sold $720,000 Beginning Inventory 51,000 Ending…

A: Efficiency ratios are also known as activity ratios. It  measure how well companies utilize their…