Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 25

Financial Statement Analysis
The financial statement for Nike, Inc. , are presented in Appendix E at the end of the text. The following additional information is available (in thousands):

Instructions
1. Determine the following measure for the fiscal year ended May 31, 2015, and May 31, 2014. (Round ratios and percentages to one decimal place.)
A. Working capital
B. Current ratio
C. Quick ratio
D. Accounts receivable turnover
E. Number of days' sales in receivables
F. Inventory turnover
G. Number of days' sales in inventory
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
2. What conclusions can be drawn from these analyses?