The following link is for Nike, Inc.'s recent annual report ended from the SEC website. Please copy
Question:
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.
