Financial Statement Analysis

The financial statements for Nike, Inc., are presented in Appendix C. Use the following additional information (in millions):

Accounts receivable at May 31, 2016	$3,241
Inventories at May 31, 2016	4,838
Total assets at May 31, 2016	21,379
Stockholders' equity at May 31, 2016	12,258

1. Determine the following measures for the fiscal years ended May 31, 2018, and May 31, 2017. Assume 365 days a year. 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.

a. Working capital (in millions) b. Current ratio C. Quick ratio d. Accounts receivable turnover e. f. Inventory turnover g. h. i. j. Number of days' sales in receivables Number of days' sales in inventory Ratio of liabilities to stockholders' equity Asset turnover Return on total assets k. Return on stockholders' equity I. Price-earnings ratio, assuming that the market price was $72.12 per share on May 29, 2018, and $53.06 per share on May 30, 2017. 2. The working capital $ May 31, 2018 9,094 2.5 X X X days X X days X 1.6 X % % between 2017 and 2018. The current and quick ratios both and number of days' sales in receivables during 2018. The return on stockholders' equity $ 10,587 May 31, 2017 2.9 X X X days X X days X X % % during 2018. The accounts receivable turnover . The return on total assets 1.5 slightly. The margin of protection to creditors a. Working capital (in millions) b. Current ratio C. Quick ratio d. Accounts receivable turnover e. f. Inventory turnover g. h. i. j. Number of days' sales in receivables Number of days' sales in inventory Ratio of liabilities to stockholders' equity Asset turnover Return on total assets k. Return on stockholders' equity I. Price-earnings ratio, assuming that the market price was $72.12 per share on May 29, 2018, and $53.06 per share on May 30, 2017. 2. The working capital $ May 31, 2018 9,094 2.5 X X X days X X days X 1.6 X % % between 2017 and 2018. The current and quick ratios both and number of days' sales in receivables during 2018. The return on stockholders' equity $ 10,587 May 31, 2017 2.9 X X X days X X days X X % % during 2018. The accounts receivable turnover . The return on total assets 1.5 slightly. The margin of protection to creditors