Question
the financial statements for Nike, Inc., are presented in Appendix C at the end of the text. Use the following addiontional information (in millions): Accounts
Financial statement analysis
The financial statements for Nike, Inc., are presented in Appendix C at the end of the text. Use the following addiontional 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
Stockholder's Equity at May 31, 2016 $12,000
Instructions
1. Determine the following measures for the fiscal years ended May 31, 2016 and May 31,2017. Round ratios and percentages to one decimal place.
a. Working capital
b. Current ratio
c. Quick ratio
d. Account receivable turnover
e. Number of days' sales in receivables
f. Inventory turnover
g. Number of days' sale in inventory
h. Ratio of liabilities to stockholder's equity
i. Asset turnover
j. Return on total assets
k. Return on cpmmon stockholder's equity
l. Price-earning ratio, assuming that market price was $72.12 per share on May 29, 2016 and $53.06 per share on May 30, 2017
2. What conclutions can be drawn from these analyses?
The financial statements for Nike, Inc., are presented in Appendix C at the end of the text. Use the following addiontional 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
Stockholder's Equity at May 31, 2016 $12,000
Instructions
1. Determine the following measures for the fiscal years ended May 31, 2016 and May 31,2017. Round ratios and percentages to one decimal place.
a. Working capital
b. Current ratio
c. Quick ratio
d. Account receivable turnover
e. Number of days' sales in receivables
f. Inventory turnover
g. Number of days' sale in inventory
h. Ratio of liabilities to stockholder's equity
i. Asset turnover
j. Return on total assets
k. Return on cpmmon stockholder's equity
l. Price-earning ratio, assuming that market price was $72.12 per share on May 29, 2016 and $53.06 per share on May 30, 2017
2. What conclutions can be drawn from these analyses?
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