Question
Financial Statement Analysis The financial statements for Nike, Inc., are available at theAppendix Clink above. The following additional information (in millions) is available: Accounts receivable
Financial Statement Analysis
The financial statements for Nike, Inc., are available at theAppendix Clink above. The following additional information (in millions) is available:
Accounts receivable at May 31, 2011: $3,138
Inventories at May 31, 2011: 2,715
Total assets at May 31, 2011: 14,998
Stockholders' equity at May 31, 2011: 9,843
Determine the following measures for the fiscal years ended May 31, 2013 (fiscal 2012), and May 31, 2012 (fiscal 2011). 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.
Need help on how to figure out the :Working capital (in millions)$$b.Current ratioc.Quick ratiod.Accounts receivable turnovere.Number of days' sales in receivablesdaysdaysf.Inventory turnoverg.Number of days' sales in inventorydaysdaysh.Ratio of liabilities to stockholders' equityi.Ratio of sales to assetsj.Rate earned on total assets, assuming interest expense is $23 million for the year ending May 31, 2013, and $31 million for the year ending May 31, 2012%%k.Rate earned on stockholders' equity%%l.Price-earnings ratio, assuming that the market price was $61.66 per share on May 31, 2013, and $53.10 per share on May 31, 2012m.Percentage relationship of net income to sales
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