Calculate the inventory turnover ratio


At December 31, 2006, the following information (in thousands) was available for sunglasses manufacturer Sunglass, Inc.: ending inventory $145,382; beginning inventory $112,328; cost of goods sold $367,649; and sales revenue $769,978. Calculate the inventory turnover ratio and days in inventory for Sunglass, Inc.

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Accounting Basics: Calculate the inventory turnover ratio
Reference No:- TGS0703921

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