Suppose that the following information is available for Nike Inc. for the current year. Beginning inventory Ending inventory Cost of goods sold Net sales Inventory turnover Days in inventory $10,000 Calculate the inventory turnover, days in inventory, and gross profit rate for Nike Inc. for the current year. (Round gross profit rate to 2 decimal places, e.g. 12.51 and other answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) Gross profit rate 12,500 80,100 140,000 times days %

Suppose that the following information is available for Nike Inc. for the current year. Calculate the inventory turnover, days in inventory, and gross profit rate for Nike inc. for the current year. (Round gross profit rote to 2 decimal places, es. 12.51 and other answers to 1 decimol place, es. 15.2. Use 365 doys for calculation) Inventory turnover Days in imentory Gross profitrate times days %