Chapter 14 Nike, Inc. Problem Calculator Financial Statement Analysis 1. NIKE. 14-01 The financial statements for Nike, Inc., are available in Appendix 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 a. 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 (a) to the nearest dollar. Round all other final answers to one decimal place. When required, use the rounded final answers in subsequent computations. Fiscal Year Fiscal Year 2015 2014 Working capital (in millions) $ 9,642 S 8,669 b. Current ratio 2.5 2.7 Quick ratio 1.5 1.7 d. Accounts receivable turnover 8.5 e. Number of days' sales in receivables X days X days f. Inventory turnover Number of days' sales in inventory X days X days h. Ratio of liabilities to stockholders' equity 0.7 0.7 I. Asset turnover 1.5 1.5 j. Retum 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 k. Return on common stockholders' equity % % I. Price-eamings ratio, assuming that the market price was $101.67 per share on May 29, 2015, and $76.91 per share on May 30, 2014 g. DU HELT EGE % Check My Work Progress: 1/1 items -ssignment Score: 32.35% All work saved Email Instructor Save and Exit Submit Assignment for Grading Chapter 14 Nike, Inc. Problem Calculator 1. NIKE.14-01 b. 2015 2014 a. Working capital (in millions) $ 9,642 S 8,669 Current ratio 2.5 2.7 C. Quick ratio 1.5 d. Accounts receivable turnover 8.5 Number of days' sales in receivables X days X days f. Inventory tumover g. Number of days' sales in inventory X days X days h. Ratio of liabilities to stockholders' equity 0.7 0.7 i. Asset turnover 1.5 1.5 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, Yo Ya 2014 k. Return on common stockholders' equity % Price-earnings ratio, assuming that the market price was $101.67 per share on May 29, 2015, and $76.91 per share on May 30, 2014 m. Percentage relationship of net income to sales % % 2. The working capital between 2014 and 2015. The current and quick ratios both during 2015. The accounts receivable turnover and number of days' sales in receivables ' slightly. The margin of protection to creditors The return on total assets during 2015. The return on common stockholders' equity .The percent of net income to sales during 2015 % LIII Feedback Check My Work Partially correct Progress: 1/1 items Check My Work Assignment Score: 32.35% All work saved Email Instructor Save and Exit Submit Assignment for Grading
