Exhibits 2.6 and 2.7 provide an income statement and balance sheet from Nike’s 2014 annual report. For the purposes of this problem and the case analysis that follows, use the data provided (May 31, 2014) to compute the ten financial ratios discussed in this chapter for Nike. For the financial ratios that employ stock data, use Nike’s Class B common stock and a price per share of \($76.91.

Nike\) income statement:

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NIKE, Inc. Consolidated Statements of Income (in millions, except per share data) Income from continuing operations: 2014 Year Ended May 31 2013 2012 Revenues Cost of sales Gross profit $27,799 $25,313 $ 23,331 15,353 14,279 13,183 12,446 11,034 10,148 Demand creation expense 3,031 2,745 2,607 Operating overhead expense 5,735 5,051 4,472 Total selling and administrative expense 8,766 7,796 7,079 Interest expense (income), net (Notes 6, 7, and 8) 33 (3) Other expense (income), net (Note 17) 103. (15) 54