Question
Financial Statement Analysis The financial statements for Nike, Inc. , are presented in Appendix E at the end of the text. The following additional information
Financial Statement Analysis
The financial statements for Nike, Inc., are presented in Appendix E at the end of the text. 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 |
Instructions
-
Determine the following measures for the fiscal years ended May 31, 2015, and May 31. (Round ratios and percentages to one decimal place.) Please show your work in Excel.
-
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
-
Asset turnover
-
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 share on May 29, 2015, and $76.91 per share on May 30, 2014
-
Percentage relationship of net income to sales
-
-
What conclusions can be drawn from these analyses?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started