Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. suppose. at december 31 of a recent year, the foll

Suppose. At December 31 of a recent year, the following information ( in thousands )...

50.1K

Verified Solution

Question

Accounting

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 $110,000, cost of goods sold $335,565, and sales revenue $797,000

Calculate the inventory turnover for Oakley, inc (round answer to 2 decimal places e.g. 1.25)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Part A MX (Ksp = 3.97×10−36) S = _____ M Part B Ag2CrO4 (Ksp = 1.12×10−12) Express...

Chemistry
Q

The young s modulus E of a material measures how stiff it is the larger...

Physics
Q

Question 7 1 Plot the inequality on the given number line Toggle the Dot or...

Basic Math
Q

j x x 4 k x 1 x 6 What is the demain of k...

Algebra
Q

Required information [The following information applies to the questions displayed below] The accounting records of...

Accounting
Q

Analyze the steps in the budgeting process summarized in the NASBO presentation and discuss how...

Accounting
Q

Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is...

Accounting
Q

The factors of production include:

Accounting
Q

The administrator of a private ear, nose and throat practice would like to add additional...

Accounting
Q

A private hospital purchased medicines from a pharmaceutial conpany at a cost of $5000.The pharmaceutial...

Accounting
Q

A company going through a Chapter 7 bankruptcy has the following account balances: How much...

Accounting
Q

40. The Wall Street Journal Data Group and Bankrate.com presented the rates on the following...

Finance