Question
Calculate Adidas's days in inventory for 2017 and 2016. Has Nike's days in inventory improved since FYE 5/31/17? Are they doing better than Adidas? Days
Calculate Adidas's days in inventory for 2017 and 2016.
Has Nike's days in inventory improved since FYE 5/31/17? Are they doing better than Adidas?
Days in inventory Nike:
5/31/18:
(365/3.89)=
94
5/31/17:
(365/3.77)=
97
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
