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(Solution Download) Brief Exercise 6-8 Suppose at December 31 of a recent year, the following information (in thousands)


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brief Exercise 6-8

 

Suppose at December 31 of a recent year, the following

 

information (in thousands) was available for sunglasses

 

manufacturer Oakley, Inc.: ending inventory

 

$157,918; beginning inventory $121,426; cost of goods sold $348,291

 

and sales revenue $785,910.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculate the inventory turnover for

 

Oakley, Inc

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculate the days in inventory for Oakley, Inc. (Round

 

days in inventory to 0 decimal place, e.g.

 

125.)

 

 

 

 

 

 

 

 

 

 

Days in inventoryEntry field with incorrect answerdays

 

 

 

 


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