Assume that as of December 31 of a recent year, the following information (in thousands) was available
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Question:
Assume that as of December 31 of a recent year, the following information (in thousands) was available to sunglasses manufacturer Oakley Inc .: ending inventory $157,971; beginning inventory $130,239; cost of goods sold $375,057 and sales revenue $689,901.
Calculate the inventory turnover for Oakley, Inc.
Calculate days in inventory for Oakley, Inc.
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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