Company: Nike, Inc.

Item	Amount (in millions)
Cash and Cash Equivalents	$9,400
Accounts Receivable	$5,300
Inventory	$7,800
Total Current Assets	$26,500
Property, Plant, Equipment	$12,600
Total Assets	$52,000
Accounts Payable	$6,900
Short-term Debt	$3,500
Total Current Liabilities	$15,000
Long-term Debt	$10,500
Total Liabilities	$28,000
Total Equity	$24,000

Questions:

1. Calculate Nike's current ratio.
2. Determine Nike's quick ratio (acid-test ratio).
3. What is Nike’s debt to equity ratio?
4. Compute the working capital of Nike.
5. If Nike had net sales of $44,500 million and cost of goods sold of $25,800 million, what is the inventory turnover ratio?