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Hello! i need help on the ones I got wrong! Financial Statement Analysis The financial statements for Nike, Inc., are available at the Appendix C
Hello! i need help on the ones I got wrong!
Financial Statement Analysis The financial statements for Nike, Inc., are available at the Appendix C link 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 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) the nearest dollar. Round all other final answers one decimal place. When required, use the rounded final answers in subsequent computations. Fiscal Year Fiscal Year 2012 2011 Working capital (in millions) 9,700 7,963 a h Current ratio 3.5 3.1 Quick ratio 2.3 1.8 d. Accounts receivable turnover 8.1 7,4 Number of days' sales in receivables X days 49 42 days e f Inventory turnover 4.3 4.4 V Number of days' sales in inventory 83 X days 83 X days Ratio of liabilities to stockholders' equity h 0.6 0.5 V Ratio of sales to assets V 1.5 1.5 i. Rate earned on total assets, assuming interest expense is $23 million for 15 14 the year ending May 31, 2013, and $31 million for the year ending May X % X % 31, 2012 V % k. Rate earned on stockholders' equity 23.1 22 Price-earnings ratio, assuming that the market price was $61.66 per V V 22.3 21.9 share on May 31, 2013, and $53.10 per share on May 31, 2012 9.8 % V% Percentage relationship of net income to sales 9.5Step by Step Solution
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