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Nike, Inc., a global sportswear and equipment company, disclosed cost of goods sold (COGS) amounting to $20 billion and ending inventory valued at $5 billion
Nike, Inc., a global sportswear and equipment company, disclosed cost of goods sold (COGS) amounting to $20 billion and ending inventory valued at $5 billion for the fiscal year 2021. Compute Nike's inventory turnover ratio and days inventory outstanding (DIO), and assess the efficiency of Nike's inventory management practices in optimizing working capital and minimizing carrying costs.
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