Please answer D,E, and F with the information below:

e. d. Compute the accounts receivable turnover (ART), inventory turnover (INVT), and property, plant, and equipment turnover (PPET) for each company. How do these companies turnover measures compare? Nikes fiscal year ends on May 31, 2018, while Adidass fiscal year ends on December 31, 2017 (a difference of seven months). How does this difference affect your analysis of ROE and ROA for these two companies? f. Nikes financial statements are prepared in accordance with U.S. GAAP, while Adidas, a German company, follows IFRS rules. How does this difference in financial reporting stan- dards affect your comparison of these companies' financial statements? NIKE, INC. Balance Sheets ($ millions) May 31, ADIDAS GROUP, AG Balance Sheets ( millions) December 31, 2018 2017 2017 2016 Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net Inventories Prepaid expenses and other current assets. Total current assets Property, plant, and equipment, net. Goodwill and identifiable intangible assets, net Deferred income taxes and other assets $ 4,249 996 3,498 5,261 1,130 1,598 398 2,315 3,693 641 1,510 734 2,200 3,764 678 $ 3,808 2,371 3,677 5,055 1,150 16,061 3,989 422 2,787 $23,259 15,134 4,454 439 2,509 8,645 2,000 2,684 1,193 8,886 1,915 3,259 1,116 Total assets $22,536 14,522 15,176 $ $ Liabilities and shareholders' equity Current liabilities: Short-term debt. Accounts payable. Accrued liabilities Income taxes payable. Other current liabilities 342 2,279 3,269 150 331 2,048 3,011 84 136 2,337 2,921 424 473 636 2,697 2,596 402 434 Total current liabilities. Long-term debt.. Other noncurrent liabilities Total shareholders' equity.. Total liabilities and shareholders' equity. 6,040 3,468 3,216 9,812 5,474 3,471 1,907 12,407 $23,259 6,291 1,005 791 6,435 6,765 1,004 952 6,455 $22,536 14,522 15,176 NIKE, INC. Income Sheets ($ millions) Year ended May 31, ADIDAS GROUP, AG Income Sheets ( millions) Year ended December 31, 2018 2017 2017 2016 $36,397 20,441 21,218 10,514 18,483 9,383 15,956 11,511 9,100 7,518 Revenues . . Cost of sales. Gross profit. .. Total selling and administrative expense Operating profit. . Interest expense (income), net. Other expense (income), net Income before income taxes Income tax expense. Net income from continuing operations Loss from discontinued operations, net of tax Net income 4,445 54 66 $34,350 19,038 15,312 10,563 4,749 59 (196) 4,886 646 10,703 8,634 2,069 93 (46) 1,582 74 (28) 4,325 2,392 2,022 668 1,536 454 1,933 4,240 1,354 254 1,082 62 $ 1,933 $ 4,240 1,100 1,020