Data below are from the NIKE, Inc. financial statements in Appendix C-4 and C-6 in the textbook. For calculation, see the formulars in the textbook pp367-369. 2018 2017 2016 CMS 20,441 19,038 17,405 Inventory 5,261 5,055 4,838 Calculate the average inventory, the average daily cost of merchandise for both years 2018 and 2017: Avg. Inventory: Y 2018 Y 2017 Avg. Daily CMS: Y 2018 Y 2017 2-2. Calculate the inventory turnover and the days’ sales in inventory for both years 2018 and 2017: Inv. Turnover: Y 2018 Y 2017 Days’ Sales in Inventory: Y 2018 Y 2017 *Days’ Sales in Inv. can be obtained by: 365 days divided by Inv. Turnover. (Due to rounding, the outcome may be slightly different between the two methods.)
- Data below are from the NIKE, Inc. financial statements in Appendix C-4 and C-6 in the textbook. For calculation, see the formulars in the textbook pp367-369.
2018 2017 2016
CMS 20,441 19,038 17,405
Inventory 5,261 5,055 4,838
Calculate the average inventory, the average daily cost of merchandise for both years 2018 and 2017:
Avg. Inventory: Y 2018
Y 2017
Avg. Daily CMS: Y 2018
Y 2017
2-2. Calculate the inventory turnover and the days’ sales in inventory for both years 2018 and 2017:
Inv. Turnover: Y 2018
Y 2017
Days’ Sales in Inventory: Y 2018
Y 2017
*Days’ Sales in Inv. can be obtained by: 365 days divided by Inv. Turnover. (Due to rounding, the outcome may be slightly different between the two methods.)
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