Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Financial Statement Analysis The financial statements for Nike, Inc., are available in Appendix E. The following additional information is available (in thousands): Accounts receivable

image text in transcribedimage text in transcribedimage text in transcribed

Financial Statement Analysis The financial statements for Nike, Inc., are available in Appendix E. 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 1. Determine the following measures for the fiscal years ended May 31, 2015, and May 31, 2014. 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 Quick ratio Accounts receivable turnover Number of days' sales in receivables L Inventory turnover Number of days' sales in inventory Ratio of liabilities to stockholders' equity L Asset turnover 1 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 Fiscal Year 2015 3,273 Fiscal Year 2014 3,301 20,127 days days days days 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 m. Percentage relationship of net income to sales 2. The working capital both D during 2015. The accounts receivable turnover number of days' sales in receivables_ creditors between 2014 and 2015. The current and quick ratios and The return on total assets, slightly. The margin of protection to during 2015. The return The percent of net income to sales on common stockholders' equity D during 2015.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

9th edition

9781285401072, 1111971722, 1285401077, 978-1111971724

More Books

Students also viewed these Accounting questions