Question
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix D . Use the following additional information (in thousands): Accounts receivable at
Financial Statement Analysis
The financial statements for Nike, Inc., are presented in Appendix D . Use the following additional information (in thousands):
Accounts receivable at May 31, 2014: $3,117 Inventories at May 31, 2014: 3,947 Total assets at May 31, 2014: 18,594 Stockholders equity at May 31, 2014: 12,000
1. Determine the following measures for the fiscal years ended May 31, 2016, and May 31, 2015. 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.
Fiscal Year 2016 | Fiscal Year 2015 | |||||
a. | Working capital (in millions) | $ | $ | |||
b. | Current ratio | |||||
c. | Quick ratio | |||||
d. | Accounts receivable turnover | |||||
e. | Number of days' sales in receivables | days | days | |||
f. | Inventory turnover | |||||
g. | Number of days' sales in inventory | days | days | |||
h. | Ratio of liabilities to stockholders' equity | |||||
i. | Asset turnover | |||||
j. | Return on total assets | % | % | |||
k. | Return on common stockholders' equity | % | % | |||
l. | Price-earnings ratio, assuming that the market price was $54.90 per share on May 29, 2016, and $52.81 per share on May 30, 2015. | |||||
m. | Percentage relationship of net income to sales | % | % |
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