Financial Statement Analysis The financial statements for Nike, Inc., are available at the Appendix C link...

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Financial Statement Analysis The financial statements for Nike,Inc., are available at the Appendix C link above. The followingadditional information (in millions) is available: Accountsreceivable at May 31, 2011: $3,138 Inventories at May 31, 2011:2,715 Total assets at May 31, 2011: 14,998 Stockholders' equity atMay 31, 2011: 9,843 Determine the following measures for the fiscalyears ended May 31, 2013 (fiscal 2012), and May 31, 2012 (fiscal2011). Do not round interim calculations. Round the working capitalamount in part (a) to the nearest dollar. Round all other finalanswers to one decimal place. When required, use the rounded finalanswers in subsequent computations. Fiscal Year 2012 Fiscal Year2011 a. Working capital (in millions) $ $ b. Current ratio c. Quickratio d. Accounts receivable turnover e. Number of days' sales inreceivables days days f. Inventory turnover g. Number of days'sales in inventory days days h. Ratio of liabilities tostockholders' equity i. Ratio of sales to assets j. Rate earned ontotal assets, assuming interest expense is $23 million for the yearending May 31, 2013, and $31 million for the year ending May 31,2012 % % k. Rate earned on stockholders' equity % % l.Price-earnings ratio, assuming that the market price was $61.66 pershare on May 31, 2013, and $53.10 per share on May 31, 2012 m.Percentage relationship of net income to sales % %

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solution is written below clearly of the year 2012 and next 2011 fiscal year 2012 a Working capital in millions 9700 b Current ratio 34707081 305126224 Current AssetsCurrent Liabilities c Quick ratio 231329598 177460072 Current AssetsInventoryPrepaid ExpensesCurrent    See Answer
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