Days On Hand Analysis

Compare 2020 Days on Hand results to the 2019 Days on Hand results for Nike Inc. You can find the data you need in the annual reports for this company on the internet. Write an executive summary (follow the model provided) detailing the daily Cost of Goods Sold for each year, respective days of inventory for 2019 and 2020, and the financial impact of the higher inventory in 2020 as measured by the Days on Hand measure. Assume a 25% carrying cost ratio. There is information on how to do these calculations in the example provided.
Be careful to use the correct units for the financial impact. (Financial numbers in Income Statements and Balance Sheets are often in $ millions.) Also, comment on any other noticeable differences in performance or situation. Provide the date for the financial information.
Explain differences in performance (merely stating that a difference in size exists is not adequate).
Submit to D2L a single Word document with a minimum of one page single-spaced, 12 pt font. Your submission should follow the format of the example analysis provided including section headers. Use good grammar. Get help if you need it (Grammarly is one option). Use expressive language. Be careful about using the word “very” (what does that mean?). Submit one file with the filename DaysOnHand.docx.