based on Nike's financial report 2023

Nike's earned revenue from both cash and credit sales for its most recent year end was (in millions) : a. $28,925. b. $51,217. c. \$5,070. d. \$22,292. How much did Nike's revenues and gains exceed its expenses and losses during the most recent reporting period (in millions)? a. \$22,292. b. $51,217. c. $5,070. d. $7,441. At the most recent balance sheet date, how much inventory did Nike have on hand (in millions)? a. $25,202. b. $4,131. c. $2,862. d. $8,454. Nike's cost of inventory sold during the recent reporting period was (in millions): a. $8,454. b. $16,377. c. $28,925. d. $5,081. Assuming rising prices, Nike's inventory method results in more net income than if LIFO was used. True False Calculate Nike's inventory turnover ratio (Cost of sales / Inventories) for the last two balance sheet dates. Round to two decimal places (5.6728=5.67). Nike sold inventory: a. quicker in the most recent reporting than in the prior reporting period. b. slower in the most recent reporting than in the prior reporting period. C. at the same rate in the most recent reporting as in the prior reporting period. d. cannot be determined. Nike's earned revenue from both cash and credit sales for its most recent year end was (in millions) : a. $28,925. b. $51,217. c. \$5,070. d. \$22,292. How much did Nike's revenues and gains exceed its expenses and losses during the most recent reporting period (in millions)? a. \$22,292. b. $51,217. c. $5,070. d. $7,441. At the most recent balance sheet date, how much inventory did Nike have on hand (in millions)? a. $25,202. b. $4,131. c. $2,862. d. $8,454. Nike's cost of inventory sold during the recent reporting period was (in millions): a. $8,454. b. $16,377. c. $28,925. d. $5,081. Assuming rising prices, Nike's inventory method results in more net income than if LIFO was used. True False Calculate Nike's inventory turnover ratio (Cost of sales / Inventories) for the last two balance sheet dates. Round to two decimal places (5.6728=5.67). Nike sold inventory: a. quicker in the most recent reporting than in the prior reporting period. b. slower in the most recent reporting than in the prior reporting period. C. at the same rate in the most recent reporting as in the prior reporting period. d. cannot be determined