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NIKE, Inc. Consolidated Balance Sheets mase do the folowing ratios: 1. Horizontal analyss for sales and Account receivable, comment on your answer --good news or bad news 2. Calculate the Current Ratio (for bwo years) and the Quick Ratio (for two years) comment on the trend. 3. Activity Ratio- Account Receiveble (Turnover Retio and Deys to Collect) for 2 years 4. Activity Ratio- Inventory (Turnover Retio and Deys to Collect for 2 years May 31 nmilliona) 2018 2017 ASSETS Cument ass Cash and egvalents 42 S NIKE, Inc. Consolidated Statements of Income Shotminestments 2371 Accounts recelvable, net 34 3677 Ivertories 5.2 Prepaid epenses and other ourent assets 1,130 1.150 Totlumentets 15,134 16.001 Year Ended May 31. Property, plant and equpment, net (In milions, except per share data) 2018 2017 2016 deraeangble ases net 285 283 Goodw 154 139 34,350 S 19.038 Revenues 36,397 $ 32.376 Delemed income ts and other asets TOTAL ASSETS LIABLITES AND SHAREHOLDERS EOUITY 2.509 2.77 Cost of sales 20,441 17,405 22.534 2329 Gross profit 15.956 15,312 14,971 Cument lae Demand creation expense 3,577 3.341 3.278 Cuent poron of ongm de Operating overhead expense 7,934 7.222 7,191 Notes payable 336 325 Accourts payable 2.279 2.048 Total seling and administrative expense 11,511 10.563 10,469 Acoued labes 3,011 Interest expense (income), net 54 59 19 ncome taes payable 150 84 Oher expense (income), net 66 (196) (140) Total oument labites 6040 5474 Longemde 3,48 3471 Income before income taxes 4.325 1,886 4.623

NIKE, Inc. Consolidated Balance Sheets mase do the folowing ratios: 1. Horizontal analyss for sales and Account receivable, comment on your answer --good news or bad news 2. Calculate the Current Ratio (for bwo years) and the Quick Ratio (for two years) comment on the trend. 3. Activity Ratio- Account Receiveble (Turnover Retio and Deys to Collect) for 2 years 4. Activity Ratio- Inventory (Turnover Retio and Deys to Collect for 2 years May 31 nmilliona) 2018 2017 ASSETS Cument ass Cash and egvalents 42 S NIKE, Inc. Consolidated Statements of Income Shotminestments 2371 Accounts recelvable, net 34 3677 Ivertories 5.2 Prepaid epenses and other ourent assets 1,130 1.150 Totlumentets 15,134 16.001 Year Ended May 31. Property, plant and equpment, net (In milions, except per share data) 2018 2017 2016 deraeangble ases net 285 283 Goodw 154 139 34,350 S 19.038 Revenues 36,397 $ 32.376 Delemed income ts and other asets TOTAL ASSETS LIABLITES AND SHAREHOLDERS EOUITY 2.509 2.77 Cost of sales 20,441 17,405 22.534 2329 Gross profit 15.956 15,312 14,971 Cument lae Demand creation expense 3,577 3.341 3.278 Cuent poron of ongm de Operating overhead expense 7,934 7.222 7,191 Notes payable 336 325 Accourts payable 2.279 2.048 Total seling and administrative expense 11,511 10.563 10,469 Acoued labes 3,011 Interest expense (income), net 54 59 19 ncome taes payable 150 84 Oher expense (income), net 66 (196) (140) Total oument labites 6040 5474 Longemde 3,48 3471 Income before income taxes 4.325 1,886 4.623

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 2TIF: Real-world annual report The financial statements for Nike, Inc. (NKE), are presented in Appendix E...
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I need to calculate activity Ratio --- Inventory (Turnover Ratio and Days to Collect for 2 years

Please do the following ratios: NIKE, Inc. Consolidated Balance Sheets 1. Horizontal analysis for sales and Account receivable, comment on your answer -- good news or bad news 2. Calculate the Current Ratio (for two years) and the Quick Ratio (for two years), comment on the trend. May 31, 3. Activity Ratio --- Account Receivable (Turnover Ratio and Days to Collect) for 2 years (In millions) 2018 2017 4. Activity Ratio --- Inventory (Turnover Ratio and Days to Collect for 2 years ASSETS Current assets: Cash and equivalents 4,249 $ 3,808 NIKE, Inc. Consolidated Statements of Income Short-term investments 996 2,371 Accounts receivable, net 3,498 3,677 Inventories 5,261 5,055 Prepaid expenses and other current assets 1,130 1,150 Total current assets 15,134 16.061 Year Ended May 31. Property, plant and equipment, net 4,454 3,989 (In millions, except per share data) 2018 2017 2016 Identifiable intangible assets, net 285 283 Goodwill 154 139 Revenues 36,397 $ 34,350 %24 32,376 Deferred income taxes and other assets 2,509 2.787 Cost of sales 20,441 19.038 17.405 TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY 22,536 23,259 Gross profit 15,956 15,312 14,971 Current liabilities: Demand creation expense 3,577 3,341 3.278 Current portion of long-term debt 6 S Operating overhead expense 7,934 7,222 7,191 Notes payable 325 336 Accounts payable 2,279 2.048 Total seling and administrative expense 11,511 10,563 10,469 Accrued liabilities 3,269 3,011 Interest expense (income), net 54 59 19 Income taxes payable 150 84 66 Total current liabilities Other expense (income), net (196) 6,040 5,474 (140) Long-term debt 3,468 3,471 Income before income taxes 4,325 4,886 4,623 Deferred income taxes and other liabilities 3,216 1,907 Income tax expense 2.392 646 863 Commitments and contingencies (Note 15) Redeemable preferred stock NET INCOME 1,933 $ 4,240 S 3,760 Shareholders' equity: Common stock at stated value: Class A convertible - 329 and 329 shares outstanding Eamings per common share: Class B-1,272 and 1,314 shares outstanding 3. 3 Basic 1.19 $ 2.56 S 221 Capital in excess of stated value 6,384 5,710 5,710 Diluted 24 1.17 $ 2.51 $ 2.16 Accumulated other comprehensive loss (92) (213) Retained earnings Total shareholders' equity 3,517 6.907 9,812 12,407 Dividends declared per common share 0.70 S 22,536 0.78 $ 0.62 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 23,259 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.
Transcribed Image Text:Please do the following ratios: NIKE, Inc. Consolidated Balance Sheets 1. Horizontal analysis for sales and Account receivable, comment on your answer -- good news or bad news 2. Calculate the Current Ratio (for two years) and the Quick Ratio (for two years), comment on the trend. May 31, 3. Activity Ratio --- Account Receivable (Turnover Ratio and Days to Collect) for 2 years (In millions) 2018 2017 4. Activity Ratio --- Inventory (Turnover Ratio and Days to Collect for 2 years ASSETS Current assets: Cash and equivalents 4,249 $ 3,808 NIKE, Inc. Consolidated Statements of Income Short-term investments 996 2,371 Accounts receivable, net 3,498 3,677 Inventories 5,261 5,055 Prepaid expenses and other current assets 1,130 1,150 Total current assets 15,134 16.061 Year Ended May 31. Property, plant and equipment, net 4,454 3,989 (In millions, except per share data) 2018 2017 2016 Identifiable intangible assets, net 285 283 Goodwill 154 139 Revenues 36,397 $ 34,350 %24 32,376 Deferred income taxes and other assets 2,509 2.787 Cost of sales 20,441 19.038 17.405 TOTAL ASSETS LIABILITIES AND SHAREHOLDERS' EQUITY 22,536 23,259 Gross profit 15,956 15,312 14,971 Current liabilities: Demand creation expense 3,577 3,341 3.278 Current portion of long-term debt 6 S Operating overhead expense 7,934 7,222 7,191 Notes payable 325 336 Accounts payable 2,279 2.048 Total seling and administrative expense 11,511 10,563 10,469 Accrued liabilities 3,269 3,011 Interest expense (income), net 54 59 19 Income taxes payable 150 84 66 Total current liabilities Other expense (income), net (196) 6,040 5,474 (140) Long-term debt 3,468 3,471 Income before income taxes 4,325 4,886 4,623 Deferred income taxes and other liabilities 3,216 1,907 Income tax expense 2.392 646 863 Commitments and contingencies (Note 15) Redeemable preferred stock NET INCOME 1,933 $ 4,240 S 3,760 Shareholders' equity: Common stock at stated value: Class A convertible - 329 and 329 shares outstanding Eamings per common share: Class B-1,272 and 1,314 shares outstanding 3. 3 Basic 1.19 $ 2.56 S 221 Capital in excess of stated value 6,384 5,710 5,710 Diluted 24 1.17 $ 2.51 $ 2.16 Accumulated other comprehensive loss (92) (213) Retained earnings Total shareholders' equity 3,517 6.907 9,812 12,407 Dividends declared per common share 0.70 S 22,536 0.78 $ 0.62 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 23,259 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.
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