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Please calculate activity Ratio -- Account Receivable (Turnover Ratio and Days to Collect) for 2 years NIKE, Inc. Consolidated Balance Sheets NIKE, Inc. Consolidated Statements of Income May 31 20 2017 ASSETS Cument Year Ended May 31. (n millions except per share data) 2017 Cahandelents 42 S 2018 2016 Shamee 231 a Revenues 36.397 34,350 %24 S 32.376 Acurtsecale net 34 e Cost of sales 20,441 19.038 17.40S 521 1,130 Gross profit 15.956 15,312 14,971 Tutut Ppety tnd ent 15134 4454 Demand creation expense 3,577 3.341 3.278 dereang e Operating overhead expense 7.934 7.222 7.191 Good 154 Total seling and administrative expense 11,511 10.563 10,469 Deleedincome tsander s TOTAL ASSETS 2.500 27 Interest expense (income), net Oher expense (income), net Income before income taxes 22.53 2 54 59 19 LIABLITES AND SAREHOLDERS EOUITY 66 (196) (140) Cumente Curent porton ofongmd 4,325 4,886 4,623 Npe 32s Income tax expense 2,392 646 863 Accourts payate 2.29 2.048 Aced NET INCOME 1,933 4.240 3,760 3.2 3.011 eome tes payae 150 Total cumentlaes 6.040 SAN Eamings per common share: Longmd 34 3471 Deledinome and e 3.26 Basic 1.19 S 2.56 221 Commnerts and corngances Ne 15 Duted 1.17 $ %24 2.51 %24 2.16 Redemaepred Sha y Dividends declared per common share Common ed val 0.78 $ %24 0.70 0.62 Cass Aconve -29and 29 ares oanding Cas-122 and 314shares oanding Captal ofd e Acum er comphene Rned ng 634 3517 Total sharhde y 12407 TOTAL LIABLITES AND SHAREHOLDERS EOUITY 22.5 The acompanying N Conld anc Stments aeangpatof ment

Please calculate activity Ratio -- Account Receivable (Turnover Ratio and Days to Collect) for 2 years NIKE, Inc. Consolidated Balance Sheets NIKE, Inc. Consolidated Statements of Income May 31 20 2017 ASSETS Cument Year Ended May 31. (n millions except per share data) 2017 Cahandelents 42 S 2018 2016 Shamee 231 a Revenues 36.397 34,350 %24 S 32.376 Acurtsecale net 34 e Cost of sales 20,441 19.038 17.40S 521 1,130 Gross profit 15.956 15,312 14,971 Tutut Ppety tnd ent 15134 4454 Demand creation expense 3,577 3.341 3.278 dereang e Operating overhead expense 7.934 7.222 7.191 Good 154 Total seling and administrative expense 11,511 10.563 10,469 Deleedincome tsander s TOTAL ASSETS 2.500 27 Interest expense (income), net Oher expense (income), net Income before income taxes 22.53 2 54 59 19 LIABLITES AND SAREHOLDERS EOUITY 66 (196) (140) Cumente Curent porton ofongmd 4,325 4,886 4,623 Npe 32s Income tax expense 2,392 646 863 Accourts payate 2.29 2.048 Aced NET INCOME 1,933 4.240 3,760 3.2 3.011 eome tes payae 150 Total cumentlaes 6.040 SAN Eamings per common share: Longmd 34 3471 Deledinome and e 3.26 Basic 1.19 S 2.56 221 Commnerts and corngances Ne 15 Duted 1.17 $ %24 2.51 %24 2.16 Redemaepred Sha y Dividends declared per common share Common ed val 0.78 $ %24 0.70 0.62 Cass Aconve -29and 29 ares oanding Cas-122 and 314shares oanding Captal ofd e Acum er comphene Rned ng 634 3517 Total sharhde y 12407 TOTAL LIABLITES AND SHAREHOLDERS EOUITY 22.5 The acompanying N Conld anc Stments aeangpatof ment

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.18MCE
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Please calculate activity Ratio --- Account Receivable (Turnover Ratio and Days to Collect) for 2 years NIKE, Inc. Consolidated Balance Sheets NIKE, Inc. Consolidated Statements of Income May 31 n milliona) ASSETS 2018 2017 Year Ended May 31, Cument assets: (In millions, except per share data) Cash and equivalents 4249 S 3,808 2018 2017 2016 Short-tem investments 906 2.371 Revenues 36,397 $ 34,350 $ 32,376 Accounts receivable, net 3,498 3.677 Cost of sales 20,441 19.038 17,405 nventories 5.261 5.065 Prepaid expenses and other oument assets 1.130 1,150 Gross profit 15,956 15,312 14,971 Total cument assets 15,134 16.061 Property, plant and equipment, net 4,454 3.90 Demand creation expense 3,577 3,341 3.278 Operating overhead expense 285 Identfable intangble assets, net Goodwil 203 7.934 7,222 7,191 154 139 Total selling and administrative expense 11,511 10.563 10,469 Delemed income taxes and other assets 2,509 2.787 TOTAL ASSETS 22,536 S 23,259 Interest expense (income), net 54 59 19 LIABILITIES AND SHAREHOLDERS' EQUITY Oher expense (ncome), net 66 (196) (140) Curent lablites Cument portion of long term debt Income before income taxes 4,325 4,886 4,623 Notes payable 336 325 Income tax expense 2,392 646 863 Accounts payable 2.279 2.048 NET INCOME 1,933 S 4,240 3,760 Acorued labiles 3.260 3.011 Income taes payable 150 84 Total cumrent lablites 6.040 5,474 Eamings per common share: Long-term debt 3,468 3,471 Defemed income taes and other labilies 3.216 1.907 Basic 1.19 $ 2.56 $ 221 Commitments and contingencies (Note 15) Diluted 1.17 $ 2.51 $ 2.16 Redeemable prefemed stock Shareholders equty Common stock at stated value Dividends declared per common share 0.78 $ 0.70 S 0.62 Class A converble-329 and 329 shares outstanding Class B-1272 and 1,314 shares outstanding Capital in excess of stated value 6,384 5.710 Accumulated other comprehensive loss 213) Retained eamings Total shareholders equity 3.517 6.907 9,812 12,407 TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 22,536 S 23,259 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement
Transcribed Image Text:Please calculate activity Ratio --- Account Receivable (Turnover Ratio and Days to Collect) for 2 years NIKE, Inc. Consolidated Balance Sheets NIKE, Inc. Consolidated Statements of Income May 31 n milliona) ASSETS 2018 2017 Year Ended May 31, Cument assets: (In millions, except per share data) Cash and equivalents 4249 S 3,808 2018 2017 2016 Short-tem investments 906 2.371 Revenues 36,397 $ 34,350 $ 32,376 Accounts receivable, net 3,498 3.677 Cost of sales 20,441 19.038 17,405 nventories 5.261 5.065 Prepaid expenses and other oument assets 1.130 1,150 Gross profit 15,956 15,312 14,971 Total cument assets 15,134 16.061 Property, plant and equipment, net 4,454 3.90 Demand creation expense 3,577 3,341 3.278 Operating overhead expense 285 Identfable intangble assets, net Goodwil 203 7.934 7,222 7,191 154 139 Total selling and administrative expense 11,511 10.563 10,469 Delemed income taxes and other assets 2,509 2.787 TOTAL ASSETS 22,536 S 23,259 Interest expense (income), net 54 59 19 LIABILITIES AND SHAREHOLDERS' EQUITY Oher expense (ncome), net 66 (196) (140) Curent lablites Cument portion of long term debt Income before income taxes 4,325 4,886 4,623 Notes payable 336 325 Income tax expense 2,392 646 863 Accounts payable 2.279 2.048 NET INCOME 1,933 S 4,240 3,760 Acorued labiles 3.260 3.011 Income taes payable 150 84 Total cumrent lablites 6.040 5,474 Eamings per common share: Long-term debt 3,468 3,471 Defemed income taes and other labilies 3.216 1.907 Basic 1.19 $ 2.56 $ 221 Commitments and contingencies (Note 15) Diluted 1.17 $ 2.51 $ 2.16 Redeemable prefemed stock Shareholders equty Common stock at stated value Dividends declared per common share 0.78 $ 0.70 S 0.62 Class A converble-329 and 329 shares outstanding Class B-1272 and 1,314 shares outstanding Capital in excess of stated value 6,384 5.710 Accumulated other comprehensive loss 213) Retained eamings Total shareholders equity 3.517 6.907 9,812 12,407 TOTAL LIABILITIES AND SHAREHOLDERS EQUITY 22,536 S 23,259 The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement
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