What are the following Ratios using the below financial statements with observations and comments?

1. Current Ratio (Current Assets/Current Liabilities)

2. Quick Ratio ((current assets-inventory)/current liabilities)

3. Inventory Turnover (sales/average inventory)

4. Receivables Turnover (sales/accounts receivable)

5. Average collection period (accounts receivable/sales per day)

6. Fixed asset Turnover (Sales/fixed assets)

7. Total Asset Turnover (sales/total assets)

8. Gross Profit margin (revenues - cost of goods sold)/sales))

9. Operating profit margin (operating earnings/sales)

10. Net profit margin (earnings after taxes/sales)

11. Return on Assets (earnings after taxes/total assets)

12. Return on Equity (earnings after taxes/equity)

13. Basic earning power (EBIT/Total Assets)

14.Debt Ratio (debt/total assets)

15. Debt to equity ratio (debt/equity)

Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
	May 31, 2017	May 31, 2016
Income Statement [Abstract]
Revenues	$ 34,350	$ 32,376
Cost of sales	19,038	17,405
Gross profit	15,312	14,971
Demand creation expense	3,341	3,278
Operating overhead expense	7,222	7,191
Total selling and administrative expense	10,563	10,469
Interest expense (income), net	59	19
Other (income) expense, net	-196	-140
Income before income taxes	4,886	4,623
Income tax expense	646	863
NET INCOME	$ 4,240	$ 3,760
Earnings per common share:
Basic (in dollars per share)	$ 2.56	$ 2.21
Diluted (in dollars per share)	2.51	2.16
Dividends declared per common share (in dollars per share)	$ 0.70	$ 0.62

Consolidated Balance Sheets - USD ($) $ in Millions	May 31, 2017	May 31, 2016
Current assets:
Cash and equivalents	$ 3,808	$ 3,138
Short-term investments	2,371	2,319
Accounts receivable, net	3,677	3,241
Inventories	5,055	4,838
Prepaid expenses and other current assets	1,150	1,489
Total current assets	16,061	15,025
Property, plant and equipment, net	3,989	3,520
Identifiable intangible assets, net	283	281
Goodwill	139	131
Deferred income taxes and other assets	2,787	2,422
TOTAL ASSETS	23,259	21,379
Current liabilities:
Current portion of long-term debt	6	44
Notes payable	325	1
Accounts payable	2,048	2,191
Accrued liabilities	3,011	3,037
Income taxes payable	84	85
Total current liabilities	5,474	5,358
Long-term debt	3,471	1,993
Deferred income taxes and other liabilities	1,907	1,770
Commitments and contingencies
Redeemable preferred stock	0	0
Shareholders equity:
Capital in excess of stated value	8,638	7,786
Accumulated other comprehensive (loss) income	-213	318
Retained earnings	3,979	4,151
Total shareholders equity	12,407	12,258
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	23,259	21,379
Class A Convertible Common Stock
Shareholders equity:
Common stock at stated value	0	0
Class B Common Stock
Shareholders equity:
Common stock at stated value	$ 3	$ 3

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	May 31, 2017	May 31, 2016	May 31, 2015
Cash provided by operations:
Net income	$ 4,240	$ 3,760	$ 3,273
Income charges (credits) not affecting cash:
Depreciation	706	649	606
Deferred income taxes	-273	-80	-113
Stock-based compensation	215	236	191
Amortization and other	10	13	43
Net foreign currency adjustments	-117	98	424
Changes in certain working capital components and other assets and liabilities:
(Increase) decrease in accounts receivable	-426	60	-216
(Increase) in inventories	-231	-590	-621
(Increase) in prepaid expenses and other current assets	-120	-161	-144
(Decrease) increase in accounts payable, accrued liabilities and income taxes payable	-364	-889	1,237
Cash provided by operations	3,640	3,096	4,680
Cash used by investing activities:
Purchases of short-term investments	-5,928	-5,367	-4,936
Maturities of short-term investments	3,623	2,924	3,655
Sales of short-term investments	2,423	2,386	2,216
Investments in reverse repurchase agreements	0	150	-150
Additions to property, plant and equipment	-1,105	-1,143	-963
Disposals of property, plant and equipment	13	10	3
Other investing activities	-34	6	0
Cash used by investing activities	-1,008	-1,034	-175
Cash used by financing activities:
Net proceeds from long-term debt issuance	1,482	981	0
Long-term debt payments, including current portion	-44	-106	-7
Increase (decrease) in notes payable	327	-67	-63
Payments on capital lease and other financing obligations	-17	-7	-19
Proceeds from exercise of stock options and other stock issuances	489	507	514
Excess tax benefits from share-based payment arrangements	177	281	218
Repurchase of common stock	-3,223	-3,238	-2,534
Dividends common and preferred	-1,133	-1,022	-899
Cash used by financing activities	-1,942	-2,671	-2,790
Effect of exchange rate changes on cash and equivalents	-20	-105	-83
Net increase (decrease) in cash and equivalents	670	-714	1,632
Cash and equivalents, beginning of year	3,138	3,852	2,220
CASH AND EQUIVALENTS, END OF YEAR	3,808	3,138	3,852
Cash paid during the year for:
Interest, net of capitalized interest	98	70	53
Income taxes	703	748	1,262
Non-cash additions to property, plant and equipment	266	252	206
Dividends declared and not paid	$ 300	$ 271	$ 240