NIKE, Inc.Consolidated Statements of Income Year Ended May 31, 2013 2014 2015 m excpt per share dat Income from continuing operations 25313 27,700 S 15.350 30,601 16.534 14,270 11.034 Revenues Cost of sales Groas proft Demand areation expenee Operating overhead expenas- Total seding and adminietrotive expense Interest expense incomel, net Notes 6,7 and 8 Other (ncome) expense, net Note 17) Income before income tasee Income tax epenee Note NET INCOME FROM CONTINUING OPERATIONS NET INCOME FROM DISCONTINUED OPERATIONS NET INCOME Eamings per common share from continuing openations Basic Notes 1 and 12 Ded Notes 1 and 12) 12.440 3,001 5,736- 8.766 14.067 2.745 5,051 7,700 3,213 6,670 9.802 GE 28 (58) 4.205 (15 3.256 805 2,451 103 3544 851 2.6934 3,273 21 2.472 2.603 3.273 2.74 2.08 305 $ 2.97 $ 3.80 $ 370 S Eamings per common share from disoontinued operations Bic (Notes 1 and 12 Dauted Notes 1 and 12) Dividends declared per cormmon share 0,02 -S 002 0,81 1,08 $ ad inc Staate are an gapat of the atan The ampanyingNtothe Con NIKE, Inc. Consolidated Statements of Comprehensive Income Year Ended May 31, 2014 2003 S 2013 2015 2,472 3,273 an mns) Net income Other comprehensive income foen), net of tox Change in net foreign auracy analation aduatment Change in net geins fosscs) on cash fow hedgesg Change in net gains fosscai on other Change in reloase of qumulotive transiation loss releted to Umbro 38 32 (20 1,188 12 (161) 83 (180) 2.504 $ 125 1.161 Total other comprehensive income doss), net of tax TOTAL COMPREHENSIVE INCOME 2.597 4,434 S @ oftabeneft perelof0mion 80mon and 1amon repectivys eoftbnet jepaofOmlon Mmonand803mon rpatvely ofa banet jpane of 90mllon 80mllon and $1 mon pectvly ro bn penof 0mion, 80mlonand $47in, ropactively heaconparying Nto the Cared Fncl Stmants eangpat of thie statomant NIKE, Inc. Consolidated Balance Sheets May 31 2016 2014 ASSETS Cumt ats 2220 202 3434 3,947 355 3.862 S Coah and oghonts Note 6r Shot-twm inestments Note Accounds cevable, net Note 1) Inventories Note 1 and 2 Defemad income tae Note 9 Prepaid eperes and other omnt ats Noteeand 17) 2,072 3.35e 4.337 380 1,968 15.076 818 13.006 2834 280 Total current oasots 3011 281 131 2201 21.600 $ Property, plt end eament, not Note 3 kdee intngble s net Note 4 131 Goodwil Note 4) Delemd income tee and other ats Notee6,9 and 17 TOTAL ASSETS LIADILITIES AND SHAREHOLDERS' EQUITY Cumant bliti: Cuent portion of long-tem debt Note Notes payableNote 7) Accounts payeble Note 7) Accund btee Note ,6 and 17) Income taxne peyeble Note Tobal ourrnt bti Long-term debt (Note Delemad income lnes and other tiNot 6 9, 13 and 17) Commbments and contingencies (Note 16 Redoemable prefered etock Ncte 10 Sheeholders equity Common atock at atatod value Note 11 Closs A convertkle-178 and 178 sharee outstarding Coss B-679 and 602 aharee outstanding Ceptal in exces of stad velue Accumukted ofher comprhensie income Note 14) Reteined oomings Totel sharholdr equity TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 1,61 18.594 107 S 162 74 2,131 3951 1,900 2491 432 6334 5,027 1,0 1,1908 1544 1,480 6,773 5865 85 1246 4686 4871 10824 18.504 12.707 21,600 $ heaconpaningNto the Cookid Phanca Satt aanhgapart ofthe stat The financial statements for Nike, Inc, are available in Appendix E. The folowing 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: 11,081 1. Determine the folowing measures for the fiscal years ended May 31, 2015, and May 31, 2014, Do not round interim calculations. Round the working capital amous other final answers to one decmal place. When required, use the rounded final answers in subsequent computations Fiscal Year Fiscal Year 2015 2014 Working capital (n millions) a b. Current rato Quick ratio d Accounts receivable tumover Number of days sales in receivables days days Inventory turmover Number of days sales in inentory days days h. Ratio of abilties to stodholders equte Asset tumover Retun on total assets, assuming nterest expense is $28 million for the year ending May 31, 2015, and $24 million for the year ending May 31, 2014 Retum on common stodkholders enuty k Price-eamngs ratio, assuming that the markat prce was $101.67 pen share on May 29, 2015, and $76.91 per share on May 30, 2014 Percentage relationship of net income to sales h ing.c 3sTh Cerk y Work Ansignment Scone: 1.05% Fr ctes JagPrint Printing Service Please ute your Jagmal acoount o Computes Smn of a Please be com and slenes vest adinal pos by amaling Sm your Son s Coee emal Yw e 100 printouts per request belongings before e the lab You will LOSE your worke Please lease sae to a 8 your phone c go Jagma t cgead 12 Badonact NIKE, Inc.Consolidated Statements of Income Year Ended May 31, 2013 2014 2015 m excpt per share dat Income from continuing operations 25313 27,700 S 15.350 30,601 16.534 14,270 11.034 Revenues Cost of sales Groas proft Demand areation expenee Operating overhead expenas- Total seding and adminietrotive expense Interest expense incomel, net Notes 6,7 and 8 Other (ncome) expense, net Note 17) Income before income tasee Income tax epenee Note NET INCOME FROM CONTINUING OPERATIONS NET INCOME FROM DISCONTINUED OPERATIONS NET INCOME Eamings per common share from continuing openations Basic Notes 1 and 12 Ded Notes 1 and 12) 12.440 3,001 5,736- 8.766 14.067 2.745 5,051 7,700 3,213 6,670 9.802 GE 28 (58) 4.205 (15 3.256 805 2,451 103 3544 851 2.6934 3,273 21 2.472 2.603 3.273 2.74 2.08 305 $ 2.97 $ 3.80 $ 370 S Eamings per common share from disoontinued operations Bic (Notes 1 and 12 Dauted Notes 1 and 12) Dividends declared per cormmon share 0,02 -S 002 0,81 1,08 $ ad inc Staate are an gapat of the atan The ampanyingNtothe Con NIKE, Inc. Consolidated Statements of Comprehensive Income Year Ended May 31, 2014 2003 S 2013 2015 2,472 3,273 an mns) Net income Other comprehensive income foen), net of tox Change in net foreign auracy analation aduatment Change in net geins fosscs) on cash fow hedgesg Change in net gains fosscai on other Change in reloase of qumulotive transiation loss releted to Umbro 38 32 (20 1,188 12 (161) 83 (180) 2.504 $ 125 1.161 Total other comprehensive income doss), net of tax TOTAL COMPREHENSIVE INCOME 2.597 4,434 S @ oftabeneft perelof0mion 80mon and 1amon repectivys eoftbnet jepaofOmlon Mmonand803mon rpatvely ofa banet jpane of 90mllon 80mllon and $1 mon pectvly ro bn penof 0mion, 80mlonand $47in, ropactively heaconparying Nto the Cared Fncl Stmants eangpat of thie statomant NIKE, Inc. Consolidated Balance Sheets May 31 2016 2014 ASSETS Cumt ats 2220 202 3434 3,947 355 3.862 S Coah and oghonts Note 6r Shot-twm inestments Note Accounds cevable, net Note 1) Inventories Note 1 and 2 Defemad income tae Note 9 Prepaid eperes and other omnt ats Noteeand 17) 2,072 3.35e 4.337 380 1,968 15.076 818 13.006 2834 280 Total current oasots 3011 281 131 2201 21.600 $ Property, plt end eament, not Note 3 kdee intngble s net Note 4 131 Goodwil Note 4) Delemd income tee and other ats Notee6,9 and 17 TOTAL ASSETS LIADILITIES AND SHAREHOLDERS' EQUITY Cumant bliti: Cuent portion of long-tem debt Note Notes payableNote 7) Accounts payeble Note 7) Accund btee Note ,6 and 17) Income taxne peyeble Note Tobal ourrnt bti Long-term debt (Note Delemad income lnes and other tiNot 6 9, 13 and 17) Commbments and contingencies (Note 16 Redoemable prefered etock Ncte 10 Sheeholders equity Common atock at atatod value Note 11 Closs A convertkle-178 and 178 sharee outstarding Coss B-679 and 602 aharee outstanding Ceptal in exces of stad velue Accumukted ofher comprhensie income Note 14) Reteined oomings Totel sharholdr equity TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 1,61 18.594 107 S 162 74 2,131 3951 1,900 2491 432 6334 5,027 1,0 1,1908 1544 1,480 6,773 5865 85 1246 4686 4871 10824 18.504 12.707 21,600 $ heaconpaningNto the Cookid Phanca Satt aanhgapart ofthe stat The financial statements for Nike, Inc, are available in Appendix E. The folowing 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: 11,081 1. Determine the folowing measures for the fiscal years ended May 31, 2015, and May 31, 2014, Do not round interim calculations. Round the working capital amous other final answers to one decmal place. When required, use the rounded final answers in subsequent computations Fiscal Year Fiscal Year 2015 2014 Working capital (n millions) a b. Current rato Quick ratio d Accounts receivable tumover Number of days sales in receivables days days Inventory turmover Number of days sales in inentory days days h. Ratio of abilties to stodholders equte Asset tumover Retun on total assets, assuming nterest expense is $28 million for the year ending May 31, 2015, and $24 million for the year ending May 31, 2014 Retum on common stodkholders enuty k Price-eamngs ratio, assuming that the markat prce was $101.67 pen share on May 29, 2015, and $76.91 per share on May 30, 2014 Percentage relationship of net income to sales h ing.c 3sTh Cerk y Work Ansignment Scone: 1.05% Fr ctes JagPrint Printing Service Please ute your Jagmal acoount o Computes Smn of a Please be com and slenes vest adinal pos by amaling Sm your Son s Coee emal Yw e 100 printouts per request belongings before e the lab You will LOSE your worke Please lease sae to a 8 your phone c go Jagma t cgead 12 Badonact