Suppose at December 31 of a recent year, the following information (in thousands) was available...
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Accounting
Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc: ending inventory $ 148,000, beginning inventory $ 127,000, cost of goods sold $ 346,500, and sales revenue $ 838,000. (a) Calculate the inventory turnover for Oakley, Inc. (Round answer to 2 decimal places, eg. 1.25.) Inventory turnover times eTextbook and Media Save for later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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