The financial statements for Nike, Inc. , are presented in at the end of the text. The
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Question:
The financial statements for Nike, Inc., are presented in at the end of the text. The following additional information is available (in thousands):
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 |
Instructions
Find the income statement, balance sheet, and statement of cash flows. Without calculating any ratios, discuss with class peers both the financial position and performance of the entity. Be as specific as possible, yet, without using any ratios. What might need to change to increase their position?
- Determine the following measures for the fiscal years ended May 31, 2015, and May 31. (Round ratios and percentages to one decimal place.)
- Working capital
- Current ratio
- Quick ratio
- Accounts receivable turnover
- Number of days' sales in receivables
- Inventory turnover
- Number of days' sales in inventory
- Ratio of liabilities to stockholders' equity
- Asset turnover
- 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
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0078025297
10th edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
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