Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix E in the drop-down menu above. The following additional information (in millions) is available: Accounts receivable at May 31, 2005 $ 2,249.9 Inventories at May 31, 2005 1,811.1 Total assets at May 31, 2005 8,793.6 Stockholders' equity at May 31, 2005 5,644.2 1. Determine the following measures for the fiscal years ended May 31, 2007 and May 31, 2006, rounding as instructed below. Fiscal Year 2007 Fiscal Year 2006 a. Working capital (in millions) $ $ b. Current ratio (Round to 1 decimal place. c. Quick ratio (Round to 1 decimal place.) d. Accounts receivable turnover (Round to 1 decimal place.) e. Number of days' sales in receivables (Round to 1 decimal place.) f. Inventory turnover (Round to 1 decimal place.) g. Number of days' sales in inventory (Round to 1 decimal place.) h. Ratio of liabilities to stockholders' equity (Round to 1 decimal place.) i. Ratio of net sales to average total assets (Round to 1 decimal place.) j. Rate earned on average total assets, assuming interest expense is $20.495 million for the year ending May 31, 2007, and $20.956 million for the year ending May 31, 2006. (Round to 1 decimal place.) % % k. Rate earned on average common stockholders' equity (Round to 1 decimal place.) % % l. Price-earnings ratio, assuming that the market price was $56.75 per share on May 31, 2007, and $40.16 per share on May 31, 2006. (Round to 1 decimal place.) % % m. Percentage relationship of net income to net sales (Round to 1 decimal place.) % % 2. What conclusions can be drawn from these analyses? The input in the box below will not be graded, but may be reviewed and considered by your instructor.