Question
Determine the following measures for the fiscal years ended May 31, 2011 (fiscal 2010), and May 31, 2010 (fiscal 2009). Do not round interim calculations.
Determine the following measures for the fiscal years ended May 31, 2011 (fiscal 2010), and May 31, 2010 (fiscal 2009). 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. The financial statements for Nike, Inc ., are presented in Appendix C at the end of the text. The following additional information (in thousands) is available: Financial Statement Analysis Instructions Determine the following measures for the fiscal years ended May 31, 2011 (fiscal 2010), and May 31, 2010 (fiscal 2009), rounding to one decimal place. Working capital
Current ratio
Quick ratio
Accounts receivable turnover
Number of days sales in receivables
Inventory turnover
Number of days sales in inventory
Ratio of liabilities to stockholders equity
Ratio of net sales to assets
Rate earned on total assets, assuming interest expense is for the year ending May 31, 2011, and for the year ending May 31, 2010
Rate earned on common stockholders equity
Price-earnings ratio, assuming that the market price was on May 31, 2011, and on May 31, 2010
Percentage relationship of net income to net sales
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