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 Number of days sales in receivables " Inventory turnover 9. Number of days' sales in inventory hi Ratio of liabilities to stockholders' equity L Asset turnover 1 Return on total assets k Return on stockholders' equity L May 31, 2018 May 31, 2017 days days days days % % 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 turnover between 2017 and 2018. The current and quick ratios both and number of days' sales in receivables D during 2018. The accounts receivable slightly. The margin of protection to creditors) The NIKE, Inc. Consolidated Balance Sheets May 31, 2018 2017 ASSETS Curent asse Cash at equivalents Shontem investments Accours receivable.net Inventories Pread expenses and other ouent ass Total current av Property plant and equipment, ne 424 1 3806 D 2,371 3,450 387 5281 5055 1,130 1.150 15.154 16.005 4454 300 identifiable intangible assets, net 205 203 Goodwil 154 139 Deferred income taxas and other assets 2,500 2,787 TOTAL ASSETS 22,536 $ 23,259 LIABILITIES AND SHAREHOLDERS EQUITY Curettes Cument portion of long-term det Notes payable Accounts payable Accrued lates hcome taxes payable Long term debt Defered income taxes and other ladies Commitments and contingencies (Note 15) Redeemable preleme block Shareholders' equity Common stock at stated value Class A convertio-329 and 329 shares outstanding Class B-1272 and 1.314 shares outstanding Capital in excess of stated value Accumulated other comprehensive loss B 330 125 2.279 7.04 3,250 201 150 84 6.040 5,474 3,468- 3,471 3.216 3.907 Retained earnings Total shareholders equity TOTAL LIABILITIES AND SHAREHOLDERS EQUITY The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement 6,384 5,710 (92) (253) 3.517 6.007 9812 12.407 22.536 $ 23,259 O Cengage Leaming, Inc. This content is not final and may not match the published product