What financial statementents are needed?
14-10i Nike, Inc., Problem Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix E at the end of the text. The following additional information is available (in thousands): Accounts receivable at May 31, 2013 Inventories at May 31, 2013 Total assets at May 31, 2013 Stockholders' equity at May 31, 2013 $ 3,117 3,484 17,545 11,081 17,545 Total assets at May 31, 2013 11,081 Stockholders' equity at May 31, 2013 Instructions 1. Determine the following measures for the fiscal years ended May 31, 2015, and May 31 (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, assuming interest expense is $28 million for the year ending May 31, 2015, and $24 million for the year ending May 31, 2014 K. Return on common stockholders' equity L. Price-earnings ratio, assuming that the market price was $101.67 per share on May 29, 2015, and $76.91 per share on May 30, 2014 M. Percentage relationship of net income to sales 1/2 NIKE, Inc. Consolidated Statements of Income Year Ended May 31 2014 2013 2015 ions, axcept per ahae de Inoome from continuing operations Revenues Cost of seles Gross proft Demand creation expense Operating overhead expense Total seling and administrative expenee 30,801 $ 16,534 14,067 3,213 27,700 $ 25,313 14,270 15,363 12,446 11,034 2.745 3,001 5,735 5,051 6,670 0802 28 8,766 7,706 33 103 Interest expenee income), net (Notes 6, 7 and 8) (15) 3,266 805 Other (noome) expenee, net (Note 17) Income before income taues (58) 3,544 4,206 032 Income tax epense (Note 851 NET INCOME FROM CONTINUING OPERATIONS NET INCOME FROM DISCONTINUED OPERATIONS 2693 3,273 2,451 21 NET INCOME S 3,273 S 2.693 S 2,472 Eamings per common shere from oontinuing operations Basic (Notes 1 and 12) Duted (Notes 1 and 12) Eamings per common share from disoontinued operations Basic (Notes 1 and 12) Duted (Notes 1 and 12 Dvidends deciared per common share 3.80 S 3.06 297 S 2.74 268 3.70 0.02 0.02 1.08 $ 0.03 0.81 The accompanying Not to the Coneokdtd Financ Statants are an egpat of te t NIKE, Inc. Consolidated Statements of Comprehensive Income Year Ended May 31, n mons 2015 2014 2013 Net income $ 2,472 3.273 $ 2,803$ Cther comprehensive income doss), net of tax Change in net foreign currency translation adjustment Change in net gains Bosses) on cash fow hedges Change in net gaine dossos) on other Chenge in relose of cumulative translotion loss related to Umbro Total other comprehensive ncome (oss) net of tax TOTAL COMPREHENSIVE INCOME (20 1,188 32) (161) 38 12 4 83 1,161 (180) 125 4.434 S 2,504 $ 2,597 e Ntobereopereofmon 80mikn and S1mon ectvdy 0Neotabneft pelofoimion 823 lon rpectvely berelt peeors0ek Neol respacdy Nebenet lepere or0 nd $47mon pactvol The accompanyingNots to the Consokdd c Stwo nnglpt of thstident NIKE, Inc. Consolidated Balance Sheets May 31 2016 h mllon ASSETS 2014 Oument asaeta: Ceah and equvlants Note 6) Short-term invedments Note 6 Accounts receivalle, net Note 1) Inventories (Notes 1 and 2) Defered income taxes Note 9) 3852 2,072 3368 4307 389 2,220 2,022 3434 3,947 366 Prepeid epeneee and other currant asets Notes 6 and 17) 1,968 15976 818 13.606 Total current easets Property, plant and equipment, net (Note 3 identfieble intangble assets, net (Note 4) Goodwill Note 4) Deferred income taxes and ofher onsets Notes 6, 9 and 17 TOTAL ASSETS LIABILITIES AND SHAREHOLDERS EQUITY Ourent lebitiea Current portion of long-tem debt Note 8) Notes payeble Note 7) Accounts paysble Note 7) Accrued lebilities (Notee 5, 6 and 17) Income taxes payable Note 9 Total current lebitios 3011 2834 282 131 281 131 2.201 21,600 S 1,651 18,594 107 $ 74 2.131 167 1,900 2.491 432 6,027 1,199 1,544 3,961 71 6.334 1.079 1,480 Long-term debt (Note 8 Defemed income teas and other inbtes Not 6.9, 13 and 17) Commitments and contingencies Note 16) Redeemable prefered atock Note 10 Shereholders equty: Common stock at etated valus Note 11 Cless A converible-178 and 178 sheres outstonding Closs B-679 and 692 shes outstanding Ceptal in ces of sated value Accumuleted other compreheraive ncome Note 14) Retained oomrings 3 6773 1,246 3 5,865 85 4871 10,824 4,685 12.707 21,600 Totel aharcholders equty TOTAL LIABIUTIES AND SHAREHOLDERS EQUITY 18,604 The acoompanyingNot to e Consoldated Fnanca aaments a an rgral part of the an
