Required:

Use the financial statements in your Nike 10-K for Fiscal 5/31/18, and download the Nike 10Q for the period ended November 30, 2018, and Adidass 2018 annual Financial Statements (available March 13, 2019), to answer the questions below. You must show all your calculations that support your answers. Write the numbers and calculations in the boxes provided. To come up with averages for some of the ratios, you are going to need to get the Balance Sheet for Nike at May 31, 2016, and Adidas for 2015. You will find this financial information on their website in the investors relations section. Make sure you compute the ratios from the financial statements. If you just copy them from a website like Google you will get the wrong numbers since they are based on more current financial information.

1. Calculate Nikes quick ratio (acid test ratio) at 5/31/18 and 11/30/18.

2. Calculate Adidass quick ratio (acid test ratio) at 12/31/18 and 12/31/17.

3. Has Nikes current and quick ratio improved since 5/31/17? Are they doing better than Adidas? Explain.