Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following link is for Nike, Inc.'s recent annual report ended from the SEC website. Please copy and paste the link on a new address,

The following link is for Nike, Inc.'s recent annual report ended from the SEC website. Please copy and paste the link on a new address, and go through the 10-K for Nick, Inc. for the year ended on May 31, 2018, and 2017, respectively.
https://www.sec.gov/Archives/edgar/data/320187/000032018718000142/nke-5312018x10k.htm#s94BF491D577D6C2986E4E66929FEE532
 
In item 8 - Financial Statements & Supplementary Data, you will find the consolidated statements of income, balance sheets, and other financial statements. Please answer the following question with the financial statements:
1. Working capital (2018)
2. Current Ratio (2018)
3. Quick ration (2018)
4. Accounts Receivable turnover (2018)
5. Inventory turnover (2018)
 
The grading here is not based upon the calculation correction. It is based on how your critical thinking and your understanding of how to use the formula.  For example, to figure out working capital = current assets- current liabilities, you need to "plugin" the numbers of current assets and current liabilities under 2018 to demo the calculation procedure. The credit is awarded mainly from the calculation procedure.

Step by Step Solution

3.45 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Working Capital ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions

Question

What does this chapters Dream.java program do?

Answered: 1 week ago

Question

Compare Associate Food Stores supply chain management to Walmart's

Answered: 1 week ago

Question

When must a company recognize an asset retirement obligation?

Answered: 1 week ago

Question

What is the IRS mileage rate for use of a car for business in 2013?

Answered: 1 week ago