The financial statements for Nike Inc. are presented in Appendix C at the end of the text. Use the following additional information (in millions)

Accounts Receivable at May 31, 2016.................$3,117

Inventory at May 31, 2016.......................................$4,142

Total Assets at May 31, 2016..................................$18,594

Stockholders Equity at May 31, 2016..................$12,000

Instructions

1, Determine the following measures for the fiscal years ended in May 31, 2018, and May 31, 2017. Round ratios and percentages to one decimal place.

a. Working capital

b. Current ratio

c. Quick ratio

d. Accounts receivable turnover

e. Number of days sales in receivables

f. Inventory turnover

g. Number of days sales in inventory

h. Ratio of liabilities to stockholders' equity

i. Asset turnover

j. Return on total assets

k. Return on common stockholders' equity

l. Price-earings ratio, assuming that the market price was $72.12 per share on May 29, 2018, and $53.06 per share on May 30, 2017

2. What conclusions can be drawn from these analyses?