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Upgrade to macOS High Sierra Chapter 14 Nike, Inc. Problem Accounts receivable at May 31, 2013: $3,117 Inventories at May 31, 2013: 3,484 Total assets
Upgrade to macOS High Sierra Chapter 14 Nike, Inc. Problem 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 (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 2015 Fiscal Year 2014 $9,642 2.5 1.5 8,669 2.7 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 habilities to stockholders' equity I. Asset turnover 8.5 V x days X days 4.1 X days days J. Return on total assets, assuming interest expense is $28 milion for the year ending May 31, 2015, and $24 million for the year ending May 31, 2014 Upgrade to macOS High Sierra Chapter 14 Nike, Inc. Problem 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 (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 2015 Fiscal Year 2014 $9,642 2.5 1.5 8,669 2.7 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 habilities to stockholders' equity I. Asset turnover 8.5 V x days X days 4.1 X days days J. Return on total assets, assuming interest expense is $28 milion for the year ending May 31, 2015, and $24 million for the year ending May 31, 2014
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