Question: BUS 260 Assignment 3 Due 2/20/20 When you hand in your assignment be sure that it appears complete and professional or otherwise points may be

BUS 260 Assignment 3 Due 2/20/20 When you hand in your assignment be sure that it appears complete and professional or otherwise points may be deducted. 1) Nike's Cost of sales for 2004 was $7,001.4 (in millions). Nike's inventory at the end of 2004 was valued at $1,633.6 (in millions) and at the end of 2003 $1,514.9 in millions). Answer the following questions. A) What was the average aggregate inventory value for 2004? B) What was Nike's inventory turnover for 2004? C) How many week's of supply did Nike carry in inventory during 2004? Chapter 12 2) P. 477 (P. 498 5th Edition) problem 11 parts a- f 3) An auto supply store's average daily demand for its best-selling motor oil is 25 cases. The demand is normally distributed with a standard deviation of five cases per day. The lead time for restocking cases of oil from a wholesale distributor is three days. He store would like to maintain a 97 % service level. A. What is the reorder point equal to? B. How many units of safety stock will be held on average? 4) P. 479 (P. 500 5th Edition) problem 27

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