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1) Nike's Cost of sales for 2004 was $7,001.4 (in millions). Nike's inventory at the end of 2004 was valued at $1,633.6 (in millions) and

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1) Nike's Cost of sales for 2004 was $7,001.4 (in millions). Nike's inventory at the end of 2004 was valued at $1,633.6 (in millions) and at the end of 2003 $1,514.9 (in millions). Answer the following questions. A) What was the average aggregate inventory value for 2004? B) What was Nike's inventory turnover for 2004? C) How many week's of supply did Nike carry in inventory during 2004

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