Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need theblanks i cant get a number ookmarks Window Help Financial Statement Analysis The financial statements for Nike, Inc., are available in Appendix E.
I need theblanks i cant get a number
ookmarks Window Help 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: 11,08 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 finai answers to one decimal place. When required, use the rounded final Fiscal Year 2015 Fiscal Year 2014 Working capital (in millions) $8,669 2.7 1.7 8.5 9,642 b. Current ratio c. Quick ratio d. Accounts receivable turnover e. Number of days sales in receivables f Inventory turnover g. Number of days' sales in invenvtory h. Ratio of labilities to stockholders' equity days days days 0.7 0.7 1.5 1.5 Asset turmover Returnm on total assets, assuming interest expense is $28 milion for the Check My Work ssignment for GradingStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started