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I need help solving these equations using the annual reort for Nike, Inc. 2014 2013 2014 2013 36 37 inventory turnover (Ch. 7) 38 39

I need help solving these equations using the annual reort for Nike, Inc. image text in transcribed
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2014 2013 2014 2013 36 37 inventory turnover (Ch. 7) 38 39 cost of merchandise sold / avg. inventory 40 41 42 score /3 43 44 45 number of days' sales in inventory (Ch. 7) 46 47 avg. inventory / avg. daily cost of merchandise sold 48 49 50 score 13 51 52 53 accounts receivable tumover (Ch. 9) 54 55 net sales / avg. accounts receivable 56 57 58 score 13 59 60 2014 2013 NIKE, Inc. Consolidated Statements of Income Year Ended May 31, 2013 2014 2012 $ An millions, except por share data) Income from continuing operations: Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net (Notes 6, 7, and 8) Other expense income), net (Note 17 Income before income taxes Income tax expense (Note 9 NET INCOME FROM CONTINUING OPERATIONS NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS NET INCOME Earnings per share from continuing operations: Basic earnings per common share (Notes 1 and 12) Dluted earnings per common share (Notes 1 and 12) Earnings per share from discontinued operations: Basic earnings por common share (Notes 1 and 12) Diluted earnings per common share (Notes 1 and 12) Dividends declared per common share 27.799 $ 15,353 12.446 3,031 5,735 8.766 33 103 3,544 851 2,693 25,313 $ 14,279 11.034 2,745 5,051 7.796 (3) (15 3,256 805 2,451 21 2.472 $ 23,331 13,183 10.148 2,607 4.472 7,079 4 54 3,011 754 2,257 (46) 2,211 $ 2,693 $ 3.05 $ 2.97 $ 2.74 $ 2.68 $ 2.45 2.40 $ 0.02 $ 0.02 $ 0.81 $ $ 0.83 $ (0.05) (0.05) 0.70 1 $ The accompanying No to Consolidated Finance Statements are an integral part of this statement PART II NIKE, Inc. Consolidated Statements of Comprehensive Income Year Ended May 31, 2014 2013 2,693 $ 2,472 S 2012 2.211 $ (32) (161) 38 12 277) 304 45 (18) in millions) Net Income Other comprehensive income (loss), net of tax Change in net foreign currency translation adjustment Change in net gains (losses) on cash flow hedges Change in net gains flosses) on net investment hedges Change in net gains (losses) on other Change in release of cumulative translation loss related to Umbrol Total other comprehensive income (loss), net of tax TOTAL COMPREHENSIVE INCOME (1) Not of tax boneft expense of million $113) million, and 80 milion, respectively, 2 Net of tax beneft expense of $18 million, S122 milion, and $(22) million, respectively, 3 Net of tax beneft of million, smilion, and so milion, respectively, 14 Net of tax benefit of million, 51 milion, and 30 million, respectively, Net of tax benefit of million, 547 million, and milion, respectively The accompanying Notes to Consolidated Financial Statements are an integral part of this statement (8) 83 125 2,597 $ (189) 2,504 $ 54 2,265 S FORM 10-K NIKE, Inc. Consolidated Balance Sheets May 31, 2014 2013 2,220 $ 2,922 3,434 3,947 355 818 13,696 2,834 282 131 1,651 18,594 $ 3,337 2,628 3,117 3,484 308 756 13,630 2,452 289 131 1,043 17545 $ $ In millions) ASSETS Current assets: Cash and equivalents Short-term investments (Note 6) Accounts receivable, net (Note 1) Inventories (Notes 1 and 2) Deferred income taxes (Note 9) Prepaid expenses and other current assets Notes 6 and 17) Total current assets Property, plant and equipment, net (Note 3) Identifiable intangible assets, net (Note 4) Goodwill (Note 4) Deferred Income taxes and other assets Notes 6, 9, and 17) TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term debt (Note 8) Notes payable (Note 7) Accounts payable (Note 7) Accrued liabilities (Notes 5, 6, and 17) Income taxes payable (Note 9) Liabilities of discontinued operations (Note 15) Total current liabilities Long-term debt (Note 8) Deferred income taxes and other liabilities (Notes 6, 9, 13 and 17) Commitments and contingencies (Note 16) Redeemable preferred stock (Note 10) Shareholders' equity: Common stock at stated value (Note 11): Class A convertible - 178 and 178 shares outstanding Class B - 692 and 716 shares outstanding Capital in excess of stated value Accumulated other comprehensive income (Note 14) Retained earnings Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 7 S 167 1,930 2.491 432 57 98 1,669 2,036 84 18 3,962 1,210 1,292 5,027 1,199 1,544 3 5,865 85 4,871 10,824 18,594 $ 3 5,184 274 5,620 11,081 17,545 $ The accompanying Notes to Consolidated Financial Statements are an integral part of this statement NIKE, Inc. Consolidated Statements of Cash Flows Year Ended May 31, 2013 2014 2012 $ 2,693 $ 2,472 $ 2,211 518 (11) 177 114 438 20 174 66 (124) 373 (59) 130 23 (298) (505) (210) 525 3,003 142 (219) (28) 27 2.968 (323) (815) (141) 425 1,824 (5,386) 3,932 1,126 (880) 3 (4,133) 1.663 1,330 (598) 14 788 (2) (3,245) 2,683 1,721 (563) 2 An millions) Cash provided by operations: Not income Income charges (credits) not affecting cash: Depreciation Deferred income taxes Stock-based compensation (Note 11) Amortization and other Net gain on divestitures Changes in certain working capital components and other assets and abilities: Increase) decrease in accounts receivable (Increase) in inventories Increase) in prepaid expenses and other current assets Increase in accounts payable, accrued liabilities and income taxes payable Cash provided by operations Cash (used) provided by investing activities: Purchases of short-term investments Maturities of short-term investments Sales of short-term investments Additions to property, plant and equipment Disposals of property, plant and equipment Procoods from divestitures Increase in other assets, not of other liabilities Settlement of net investment hedgos Cash (used) provided by investing activities Cash used by financing activities: Not proceeds from long-term debt issuanco Long-term debt payments, including current portion Increase (decrease in notes payablo Payments on capital lease obligations Proceeds from exercise of stock options and other stock issuances Excess tax benefits from share-based payment arrangements Repurchase of common stock Dividends - common and proferred Cash used by financing activities Effect of exchange rate changes Net (decreaso) increase in cash and equivalents Cash and equivalents, beginning of year CASH AND EQUIVALENTS, END OF YEAR Supplemental disclosure of cash flow information: Cash paid during the year for Interest, net of capitalized interest Income taxes Non-cash additions to property, plant and equipment Dividends declared and not paid The accompanying Notes to Consolidated Financial Statements are an integral part of this statement FORM 10-K (2) (14) 22 586 (1,207) (940) (60) 75 (17) 986 (49) 10 (203) (47) 383 132 (2.628) (799) (2.914) 313 72 (1.674) 703) (1,045) 100 1,083 2.254 3,337 $ 468 115 (1.814) (619) (2,100) 67 377 1,877 2,254 1 (1.117) 3,337 2.220 $ $ $ 53 S 856 167 209 20 $ 702 137 189 29 638 99 165 PART II NIKE, Inc. Consolidated Statements of Shareholders' Equity Common Stock Capital in Accumulated Class A Excess Other Class B of Stated Comprehensive Retained Shares Amount Sharos Amount Value Income Earnings Total 180 $ 756 $ 3 $ 3,944 S 95 $ 5,751 $ 9,793 18 528 528 (40) ( 12) (1.793) (1.806) 2 57 130 (6) (639) (639) 57 130 (4) (10) 2,211 2,211 54 5,526 $ 10,319 322 54 149 $ 180 S - 3 $ 4,641 $ 322 736 $ 10 2 (34) (2) (10) in millions, except per share data) Balance at May 31, 2011 Stock options exercised Repurchase of Class B Common Stock Dividends on common stock ($0.70 per share) Issuance of shares to employees Stock-based compensation (Note 11) Forfeiture of shares from employees Net income Other comprehensive income Balance at May 31, 2012 Stock options exercised Conversion to Class B Common Stock Repurchase of Class B Common Stock Dividends on common stock (50.81 per share) Issuance of shares to employees Stock-based compensation (Note 11) Forfeture of shares from employees Not Income Other comprehensive Income Balance at May 31, 2013 Stock options exercised Popurchase of Class B Common Stock Dividends on common stock ($0.93 por share) Issuance of shares to employees Stock-based compensation (Note 11) Forfature of shares from employees Not income Other comprehensive incomo Balance at May 31, 2014 2 65 174 (8) 125 274 $ 178 $ 716 S 11 (37) 3 $ 5,184 S 445 (11) (1.647) (1.657) (727) (727) 65 174 (4) . (12) 2,472 2,472 125 5,620 $ 11,081 445 (2,617) (2,628) (821) (821) 78 177 (4) (12) 2,693 2,693 (180) 4,871 $ 10,824 2 78 177 (8) (189) 85 $ 178 S 692 $ 3 $ 5,865 S The accompanying Notes to Consolidated Francial Statements are an integral part of this statement

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