Saturday, May 23, 2015

2. At December 31, 2006, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc

At December 31, 2006, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc.: ending inventory $155,377; beginning inventory $119,035; cost of goods sold $349,114; and sales revenue $761,865. 

Calculate the inventory turnover ratio and days in inventory for Oakley, Inc. (Round the inventory turnover ratio to 3 decimal places, e.g. 1.205 and the days in inventory to 0 decimal places, e.g. 120.)

Click here: 2. At December 31, 2006, the following information (in thousands) was available for sunglasses manufacturer Oakley, Inc