Accounting Assignment | Custom Assignment Help

The financial statements for Nike, Inc., could be discovered on the Appendix C hyperlink above. The following additional information (in tens of tens of millions) is accessible:

  • Accounts receivable at Might 31, 2008: $2,884
  • Inventories at Might 31, 2008: 2,357
  • Full property at Might 31, 2008: 13,249
  • Stockholders’ equity at Might 31, 2008: eight,693

Resolve the subsequent measures for the fiscal years ended Might 31, 2011 (fiscal 2010), and Might 31, 2010 (fiscal 2009). Do not spherical interim calculations. Across the working capital amount partly (a) to the closest buck. Spherical all totally different closing options to 1 decimal place. When required, use the rounded closing options in subsequent computations.

   Fiscal 12 months

  2010 Fiscal 12 months


a.Working capital (in tens of tens of millions)$ $  b.Current ratio     c.Quick ratio     d.Accounts receivable turnover     e.Number of days’ product sales in receivables  days  days f.Inventory turnover     g.Number of days’ product sales in inventory  days  days h.Ratio of liabilities to stockholders’ equity     i.Ratio of web product sales to property     j.Cost earned on complete property, assuming curiosity expense is $4 million for the yr ending Might 31, 2011, and $6 million for the yr ending Might 31, 2010  %  % okay.Cost earned on frequent stockholders’ equity  %  % l.Worth-earnings ratio, assuming that the market worth was $75.70 per share on Might 31, 2011, and $73.50 per share on Might 31, 2010     m.Proportion relationship of web income to web product sales  %  %Get accounting process homework help