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 Inventories at May 31, 2016 $3,241 4,838 Tatal assets at May 31, 2016 Stockholders' equity at May 31, 2016 21.379 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. Working capital (in millions) b. Current ratio c Quick rate d. Accounts receivable turnover e Number of days' sales in receivables 6 Inventory turnover g Number of days sales in inventory A Ratio of liabilities to stockholders equity L Asset turnover J Return on total assets k Return on stockholders' equity L May 31, 2018 $ 9,094 2.5 May 31, 2017 10,587 2.9 1.4 10.1 9.9 36 days 37 days 4 3.8 91.3 days 96 days 1.3 0.9 1.6 1.5 19 % 0.3% Price-samnings ratio, assuming that the market price was $72.12 per share on May 29, 2018, and $53.05 per share on May 30, 2017. 2. The working capital decreased in receivables decreased 20.7 0.2% 60.5 between 2017 and 2018. The current and quick ratios both decreased slightly. The margin of protection to creditors increased The return on total assets decreased and number of days' sales during 2018. The accounts receivable turnover increased during 2018. The return on stockholders' equity decreased