Question
Real-World Annual Report The financial statements for Nike, Inc. (NKE), are presented in Appendix B at the end of the text. The following additional information
Real-World Annual Report The financial statements for Nike, Inc. (NKE), are presented in Appendix B at the end of the text. The following additional information is available (in thousands): Accounts receivable at May 31, 2018 $ 3,498 Inventories at May 31, 2018 5,261 Total assets at May 31, 2018 22,536 Stockholders equity at May 31, 2018 9,812 INSTRUCTIONS Prepare a Horizontal and Vertical Analysis of both the Balance Sheet and Income Statements. Determine the following measures for the fiscal years ended May 31, 2019, and May 31, 2020. Round ratios and percentages to one decimal place. Working capital Current ratio Quick ratio Accounts receivable turnover Number of days sales in receivables Inventory turnover Number of days sales in inventory Ratio of liabilities to stockholders equity Asset turnover Return on total assets Return on common stockholders equity Price-earnings ratio, assuming that the market price was $77.14 per share on May 31, 2019, and $98.58 per share on May 31, 2020.
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