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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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