Financial statement analysis The financial statemen Use the foillowing additional infomaiiusans ure presented in Appendix D at the end cof the text. Inventories at May 31, 2014 Total assets at May 31, 2014 Stockholders' equity at May 31,2014 4,142 Instructions 1. Determine the ollowing measures for the fiscal vears ended May 3L, 2016, and May 31, 2015. Round ratios and percenta a Working capital ges to one decimal place . Current ratio c. Quick ratio d. Accounts receivable turnover e. Number of days' sales in receivables f. Inventory turnover g Number of days' sales in inventory h. Ratio of liabilities to stockholders equity i. Asset turnover Return on total assets. k. Return on common stockholders' equity I. Price-earnings ratio, assuming that the market price was $54.90 per share on May 29, 2016, and $52.81 per share on May 30, 2015 m. Percentage relationship of net income to sales What conclusions can be drawn from these analyses? 2 2603 2.525) 12.534 bles the hasic 5oman of the an 273 3,273 and Ownet's Equty secios in de Balance at May 31, 2015 773 S 1,246 4,685 s 12 TO7 (55) 3,230) (3,238) (1.053) 1.063) 3,760 3760 D-8 Appendix D Selected Eacerpts from Nke Inxc. Farm 10- for the Yer Ended May 31.201s NIKE, Inc. Consolidated Statements of Shareholders' Equity Commns Stock n malons excogt per share datel shares Amount Shes AmountValue e at May 31, 2013350 options eercised tock Conversion to Cass B Commor Repurchsee of Class Common 201) 12628) Dwaends on common stock ($047 par share) Issuance of shanes to employoos 821) (821) 78 Forlciture of shares from (4 12 2.090 28 Net income Balance at May 31 2014 Stock options exercised Repurchas of Cass B Comman Slock Dividends an common stock 1$0 54 per share Issuance o shares to employs Stock based compentsation Forfeture of shares from 1,385 3 5865 2.525) 12534) 931) 831) 58) 10) 3273 3,273 Other comprehensive income doss May 31.2015 options exerdised Comversion to Class B Common 12)2 Repurchase of Classa B Common 156j 13 230) a238 DiMidends on cammon slock ($0 82 per share Issuance of shares to emplyes Stock-based compensaion Forfaiture of shares from 11.053) 11.053) 110) 3,780 3,780 The Notes may be found on the companion website an CengsgeB Financial statement analysis The financial statemen Use the foillowing additional infomaiiusans ure presented in Appendix D at the end cof the text. Inventories at May 31, 2014 Total assets at May 31, 2014 Stockholders' equity at May 31,2014 4,142 Instructions 1. Determine the ollowing measures for the fiscal vears ended May 3L, 2016, and May 31, 2015. Round ratios and percenta a Working capital ges to one decimal place . Current ratio c. Quick ratio d. Accounts receivable turnover e. Number of days' sales in receivables f. Inventory turnover g Number of days' sales in inventory h. Ratio of liabilities to stockholders equity i. Asset turnover Return on total assets. k. Return on common stockholders' equity I. Price-earnings ratio, assuming that the market price was $54.90 per share on May 29, 2016, and $52.81 per share on May 30, 2015 m. Percentage relationship of net income to sales What conclusions can be drawn from these analyses? 2 2603 2.525) 12.534 bles the hasic 5oman of the an 273 3,273 and Ownet's Equty secios in de Balance at May 31, 2015 773 S 1,246 4,685 s 12 TO7 (55) 3,230) (3,238) (1.053) 1.063) 3,760 3760 D-8 Appendix D Selected Eacerpts from Nke Inxc. Farm 10- for the Yer Ended May 31.201s NIKE, Inc. Consolidated Statements of Shareholders' Equity Commns Stock n malons excogt per share datel shares Amount Shes AmountValue e at May 31, 2013350 options eercised tock Conversion to Cass B Commor Repurchsee of Class Common 201) 12628) Dwaends on common stock ($047 par share) Issuance of shanes to employoos 821) (821) 78 Forlciture of shares from (4 12 2.090 28 Net income Balance at May 31 2014 Stock options exercised Repurchas of Cass B Comman Slock Dividends an common stock 1$0 54 per share Issuance o shares to employs Stock based compentsation Forfeture of shares from 1,385 3 5865 2.525) 12534) 931) 831) 58) 10) 3273 3,273 Other comprehensive income doss May 31.2015 options exerdised Comversion to Class B Common 12)2 Repurchase of Classa B Common 156j 13 230) a238 DiMidends on cammon slock ($0 82 per share Issuance of shares to emplyes Stock-based compensaion Forfaiture of shares from 11.053) 11.053) 110) 3,780 3,780 The Notes may be found on the companion website an CengsgeB