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Question - Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakley Inc.: ending inventory $164,000; beginning inventory $116,000; cost of goods sold $364,000 and sales revenue $764,000.
(a) Calculate the inventory turnover for Oakley, Inc.
(b) The parts of this question must be completed in order. This part will be available when you complete the part above.
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