* CengageNOWv2 | Online teachin x + ess-false v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do? Nike, Inc. Problem Calculator Financial Statement Analysis The financial statements for Nike, Inc., are availab pendix E. The following additional information is available (in thousands): Accounts receivable at May 31, 2013: $3/117 Inventories at May 31, 2013: 3,484 Total assets at May 31, 2013: 17,545 Stockholders equity at May 31, 2013: 11,081 1. Determine the following measures for the fiscal years ended May 31, 2015, and May 31, 2014. Do not round interim calculations. Round the working capital amount in part When required, use the rounded final answers in subsequent computations. Fiscal Year Fiscal Year 2015 2014 a. Working capital (in millions) $ 9,642 8,669 b. Current ratio 2.7 V Quick ratio 15 1.7 V Accounts receivable turnover 9.0 V 8.5 V Number of days' sales in receivables 40.5 v days 43 7 days Inventory turnover 4 V 4.1 7 9. Number of days' sales in inventory 91.4 V days 88.3 v days . Ratio of liabilities to stockholders' equity 0.7 V 0.7 7 Asset turnover 1.5 V 1.51 j. Return on total assets, assuming interest expense is $28 million for the year ending May 31, 2015, and $24 million for the year ending May 31, 2014 Return on common stockholders' equity Price-earnings ratio, assuming that the market price was $101.67 per 27.8 24.6 share on May 29, 2015, and $76.91 per share on May 30, 2014 26.8 25.2 m. Percentage relationship of net income to sales 10.7 9.7 % 2. The working capital increased v between 2014 and 2015. The current and quick ratios both decreased V during 2015. The accounts receivable turnover increased The margin of protection to creditors remained constant v . The return on total assets increased v during 2015. The return on common stockholders equity increased v .Th and Check My Work Progress: 1/1 items Check My Work Assignment Score: 94.12%% 9 CengageNOWV2| On. All work saved . DELL ESC F9 F10 F11 F12 PrtSon SysRO % 8 Backspace Jab E R O Caps Lock D G H K Enter