Financial Statement Analysis The financial statements for Nike, Inc., are availa

Question

Financial Statement Analysis

The financial statements for Nike, Inc., are available in Appendix E. 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

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 part (a) to the nearest dollar. Round all other final answers to one decimal place. When required, use the rounded final answers in subsequent computations.

Number of days' sales in receivables days days f. Inventory turnover g. Number of days' sales in inventory days days 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 % %

Explanation / Answer

As per Chegg Policy, an expert is allowed to answer 4 sub parts. Post seperate qtns for the rest. Have done 5 sub parts for you. Thanks

f. Inventory turnover 4.2905649 4.44096345 Cost of Goods Sold/Average Inventory g. Number of days' sales in inventory 85.0703831 82.1893727 365 days/Inventory Turnover h. Ratio of liabilities to stockholders' equity 0.57619218 0.48974087 Liabilities/Stockholders Equity i. Asset Turnover 1.43954732 1.5086324 Net Sales/Total Assets

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