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The Financial Statements for Nike, Inc are located in appendix C of your book, latest part of your book. The following additional information is available
The Financial Statements for Nike, Inc are located in appendix C of your book, latest part of your book.
The following additional information is available (thousands):
- Accounts Receivable at May 31, 2008 $ 2,884
- Inventories at May 31, 2008 $ 2,357
- Total Assets at May 31, 2008 $ 13,249
- Stockholders' equity at May 31, 2008 $ 8,693
Complete the following:
a. Quick Ratio
b. Accounts receivable turnover
c. Number of days' sales in receivables
d. Inventory Turnover
e. Number of days' sales in inventory
f. Ratio of Net Sales to Assets
g. Complete an analysis based on the information above and key recommendations. Take in consideration the calculation of percentage relationship of net income to sales.
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