Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses
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Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $154,000; beginning inventory $124,000; cost of goods sold $383,640 and sales revenue $779,000. (a) Calculate the inventory turnover for Oakley, Inc. (Round inventory turnover to 2 decimal places, e.g. 5.12.) Inventory turn over enter inventory turnover ratio rounded to 2 decimal places times
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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