makeAssignmentake Assignme Calculator Print Item Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C. Use the following additional Information (in millions): $ b. Accounts receivable at May 31, 2016 $3,241 Inventories at May 31, 2016 4,838 Total assets at May 31, 2016 21,379 Stockholders' equity at May 31, 2016 12,258 1. Determine the following measures for the fiscal years ended May 31, 2018, and May 31, 2017. Assume 365 days a year. 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. May 31, 2018 May 31, 2 Working capital (in millions) Current ratio Quick ratio ws d. Accounts receivable turnover Number of days' sales in receivables days days 1. Inventory turnover Number of days' sales in inventory days days Ratio of liabilities to stockholders' equity 1. Asset turnover 1 Return on total assets 9 k. Return on common stockholders' equity % h. % % BE Current ratio Quick ratio d. Accounts receivable turnover Number of days' sales in receivables days days 1. Inventory turnover Number of days' sales in inventory days days Ratio of liabilities to stockholders' equity Asset turnover Return on total assets Return on common stockholders' equity 6 1. Price-earings ratio, assuming that the market price was $72.12 per share on May 29, 2018, and $53.06 per share on May 30, 2017 2. The working capital between 2017 and 2018. The current and quick ratios both during 2018. The accounts receivable turnover and number of days' sales in receivables slightly. The margin of protection to creditors The return on total assets during 2018. The return on common stockholders' equity Bli 8 . B. N. M. -.com/geyser/warren_9781337902687/pdf/appendix_c.pdf May 31, 2018 2017 $ 4.249 996 3.808 2.371 3,677 3498 5lasi 1.130 15,134 4,454 285 5,055 1,150 16,061 3.989 283 154 139 2.509 2,787 23,259 $ 22,536 $ In millions) ASSETS Current assets Cash and equivalents Short-term investments Accounts receivable.net Inventories Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Identifiable intangible assets.net Goodwill Deferred income taxes and other assets TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes payable Total current liabilities Long-term debt Deferred income taxes and other liabilities Commitments and contingencies (Note 15) Redeemable preferred stock Shareholders' equity Common stock at stated value Class A convertible --- 329 and 329 shares outstanding Class B - 1.272 and 1,314 shares outstanding Capital in excess of stated value Accumulated other comprehensive loss Retained earnings 6 336 2.279 3.200 150 6.040 3.468 3.210 325 2,048 3,011 84 5,474 3.471 1.907 3 3 6.384 (92) 3.517 5,710 (213) ROZ 3.460 3.216 3.471 1.907 om det ered income taxes and other lates commitments and contingences (Note 15) deemable preferred stock Shareholders Common stock at stated value Class A convertible -- 329 and 329 shares outstanding Class B - 1.272 and 1.314 shares outstanding Cupin excess of wated value Accumulated other comprehensive loss Rand earings Total shareholders' equily TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement 3 6.384 1922 3.517 9,812 22,536 5.710 (213) 6.907 12.07 23.259 $ TE E 10 num 8 $ 9 I % 5 6 & 7 6 C 9 8 R 5 6 T Y 1 o F G 2 H I makeAssignmentake Assignme Calculator Print Item Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C. Use the following additional Information (in millions): $ b. Accounts receivable at May 31, 2016 $3,241 Inventories at May 31, 2016 4,838 Total assets at May 31, 2016 21,379 Stockholders' equity at May 31, 2016 12,258 1. Determine the following measures for the fiscal years ended May 31, 2018, and May 31, 2017. Assume 365 days a year. 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. May 31, 2018 May 31, 2 Working capital (in millions) Current ratio Quick ratio ws d. Accounts receivable turnover Number of days' sales in receivables days days 1. Inventory turnover Number of days' sales in inventory days days Ratio of liabilities to stockholders' equity 1. Asset turnover 1 Return on total assets 9 k. Return on common stockholders' equity % h. % % BE Current ratio Quick ratio d. Accounts receivable turnover Number of days' sales in receivables days days 1. Inventory turnover Number of days' sales in inventory days days Ratio of liabilities to stockholders' equity Asset turnover Return on total assets Return on common stockholders' equity 6 1. Price-earings ratio, assuming that the market price was $72.12 per share on May 29, 2018, and $53.06 per share on May 30, 2017 2. The working capital between 2017 and 2018. The current and quick ratios both during 2018. The accounts receivable turnover and number of days' sales in receivables slightly. The margin of protection to creditors The return on total assets during 2018. The return on common stockholders' equity Bli 8 . B. N. M. -.com/geyser/warren_9781337902687/pdf/appendix_c.pdf May 31, 2018 2017 $ 4.249 996 3.808 2.371 3,677 3498 5lasi 1.130 15,134 4,454 285 5,055 1,150 16,061 3.989 283 154 139 2.509 2,787 23,259 $ 22,536 $ In millions) ASSETS Current assets Cash and equivalents Short-term investments Accounts receivable.net Inventories Prepaid expenses and other current assets Total current assets Property, plant and equipment, net Identifiable intangible assets.net Goodwill Deferred income taxes and other assets TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes payable Total current liabilities Long-term debt Deferred income taxes and other liabilities Commitments and contingencies (Note 15) Redeemable preferred stock Shareholders' equity Common stock at stated value Class A convertible --- 329 and 329 shares outstanding Class B - 1.272 and 1,314 shares outstanding Capital in excess of stated value Accumulated other comprehensive loss Retained earnings 6 336 2.279 3.200 150 6.040 3.468 3.210 325 2,048 3,011 84 5,474 3.471 1.907 3 3 6.384 (92) 3.517 5,710 (213) ROZ 3.460 3.216 3.471 1.907 om det ered income taxes and other lates commitments and contingences (Note 15) deemable preferred stock Shareholders Common stock at stated value Class A convertible -- 329 and 329 shares outstanding Class B - 1.272 and 1.314 shares outstanding Cupin excess of wated value Accumulated other comprehensive loss Rand earings Total shareholders' equily TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement 3 6.384 1922 3.517 9,812 22,536 5.710 (213) 6.907 12.07 23.259 $ TE E 10 num 8 $ 9 I % 5 6 & 7 6 C 9 8 R 5 6 T Y 1 o F G 2 H