Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 Nike Inc etook Financial Statement Analysis The financial statements for Nike, Inc., are available at the sondxCink above. The following additional information (n millions)

image text in transcribed
1 Nike Inc etook Financial Statement Analysis The financial statements for Nike, Inc., are available at the sondxCink above. The following additional information (n millions) is available Acceunts receivable at May 31, 2011: $3.138 Inventories at May 31, 2011: 2,715 Total assets at May 31, 2011: 14,998 Stockholders equty at May 31, 2011: 9.843 Determine the following measures for the fiscal years ended May 31, 2013 (facal 2012), and May 31, 2012 (cal 2011). Do not reund interim calculations Round Ihe working capital amount in part (a) to the nearest dollar. Round all other final answers to one decmal place when required, use the rounded final anawers in subeequent computations. Fiscal Year Fiscal Year 2012 2011 Working captal n mlions) Current rat Quick ratio Accounts receivable tunover days dave Number of day sales in receivables Inventory turnover days deysi Number of davs sales in invenory to stockholders' equty Ratio Ratio of sales to assets $23 mon for Rate earmed on total assets, assuming interest epense 1 Nike Inc etook Financial Statement Analysis The financial statements for Nike, Inc., are available at the sondxCink above. The following additional information (n millions) is available Acceunts receivable at May 31, 2011: $3.138 Inventories at May 31, 2011: 2,715 Total assets at May 31, 2011: 14,998 Stockholders equty at May 31, 2011: 9.843 Determine the following measures for the fiscal years ended May 31, 2013 (facal 2012), and May 31, 2012 (cal 2011). Do not reund interim calculations Round Ihe working capital amount in part (a) to the nearest dollar. Round all other final answers to one decmal place when required, use the rounded final anawers in subeequent computations. Fiscal Year Fiscal Year 2012 2011 Working captal n mlions) Current rat Quick ratio Accounts receivable tunover days dave Number of day sales in receivables Inventory turnover days deysi Number of davs sales in invenory to stockholders' equty Ratio Ratio of sales to assets $23 mon for Rate earmed on total assets, assuming interest epense

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Accounting Auditing Concepts Internal Auditing And Guiding

Authors: Bertram Bessette

1st Edition

B09PMFWVSJ, 979-8796265253

More Books

Students also viewed these Accounting questions