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Anna007 [38]
3 years ago
5

Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 (in millions): othe

r plant assets $945.0, land $230.0, patents and trademarks (at cost) $530.0, machinery and equipment $2,200.0, buildings $960.0, goodwill (at cost) $170.0, accumulated amortization $57.0, and accumulated depreciation $2,220.0. Prepare a partial balance sheet for Nike for these items.
Business
1 answer:
Keith_Richards [23]3 years ago
8 0

Answer: It would be 5540$ im pretty sure i took some time doing this oml

Explanation:

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Answer:

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Explanation:

Inventory turnover is the number of times that a firm buys and sells inventory. A high inventory means that the company sells its stock many times in a year.

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If the firm improves its  turnover to 8, then the average inventory will be

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Answer:

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Net income                          <u>  135,000 </u>

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