The financial statements for Nike, Inc., are available at the Appendix B link ab

Question

The financial statements for Nike, Inc., are available at the Appendix B link above. The following additional information (in millions) is available:

Accounts receivable at May 31, 2008: $2,884
Inventories at May 31, 2008: 2,357
Total assets at May 31, 2008: 13,249
Stockholders' equity at May 31, 2008: 8,693

Determine the following measures for the fiscal years ended May 31, 2011 (fiscal 2010), and May 31, 2010 (fiscal 2009). 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.

Fiscal Year
  2010 Fiscal Year
  2009 a. Working capital (in millions) $ $ b. Current ratio c. Quick ratio d. Accounts receivable turnover e. 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. Ratio of net sales to assets j. Rate earned on total assets, assuming interest expense is $4 million for the year ending May 31, 2011, and $6 million for the year ending May 31, 2010 % % k. Rate earned on common stockholders' equity % % l. Price-earnings ratio, assuming that the market price was $75.70 per share on May 31, 2011, and $73.50 per share on May 31, 2010 m. Percentage relationship of net income to net sales % %

Explanation / Answer

1) calculation of working capital

total assets= total liabalities=$ 13,249

current liabalities = total liabalities- stakeholders equity= $ 13,249- $ 8,693

= $ 4,556

current assets=$ 2,884+$ 2,357

= $ 5,241

working capital=$ 5,241-$ 4,556

= $ 685

2) current assets ratio = 5,241/4,556

=1.15

3) quick assets ratio = 2,884/4,556

=0.633

actuvally in this question so many mistakes are there

firstly years are not matched and some required amount like sales figures are not avilable so please given the detailes properly

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