The financial statements for Nike, Inc., are available in Appendix E. The following 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 following measures for the fiscal years ended May 31, 2015, and May 31, 2014. 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 Fiscal Year Fiscal Year 2015 2014 8,669 a. Working capital (in millions) b. Current ratio c. Quick ratio d Accounts receivable turnover e. Number of days' sales in receivables $ 9,642 2.5 1.5 9.0 2.7 V 1.7 8.5 43 days 4.1 40.5 days Inventory turnover 91.4 days 88.3 days g. Number of days' sales in inventory h. Ratio of liabilitles to stockholders' equity 0.7 1.5 0.7 Asset turnover 1.5 j Return on total assets, assuming interest expense is $28 million for the year ending May 31, 2015, and $24 million for the year ending May 31 2014 27.8 V % 26.8 10.7 % k. Return on common stockholders' equity 24.61 % I. Price-earnings ratio, assuming that the market price was $101.67 per 25.2 share on May 29, 2015, and $76.91 per share on May 30, 2014 Percentage relationship of net income to sales m. 9.71 % The financial statements for Nike, Inc., are available in Appendix E. The following 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 following measures for the fiscal years ended May 31, 2015, and May 31, 2014. 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 Fiscal Year Fiscal Year 2015 2014 8,669 a. Working capital (in millions) b. Current ratio c. Quick ratio d Accounts receivable turnover e. Number of days' sales in receivables $ 9,642 2.5 1.5 9.0 2.7 V 1.7 8.5 43 days 4.1 40.5 days Inventory turnover 91.4 days 88.3 days g. Number of days' sales in inventory h. Ratio of liabilitles to stockholders' equity 0.7 1.5 0.7 Asset turnover 1.5 j Return on total assets, assuming interest expense is $28 million for the year ending May 31, 2015, and $24 million for the year ending May 31 2014 27.8 V % 26.8 10.7 % k. Return on common stockholders' equity 24.61 % I. Price-earnings ratio, assuming that the market price was $101.67 per 25.2 share on May 29, 2015, and $76.91 per share on May 30, 2014 Percentage relationship of net income to sales m. 9.71 %
