The financial statements for Nike, Inc., are presented in Appendix C at the end of the text. Use the following additional information (in millions): Accounts receivable at May 31, 2016 $ 3,241 Inventories at May 31, 2016 4,838 Total assets at May 31, 2016 21,379 Stockholders’ equity at May 31, 2016 12,258 Instructions Determine the following measures for the fiscal years ended May 31, 2018, and May 31, 2017. Round ratios and percentages to one decimal place. H. Ratio of liabilities to stockholders’ equity
The financial statements for Nike, Inc., are presented in Appendix C at the end of the text. Use the following additional information (in millions): Accounts receivable at May 31, 2016 $ 3,241 Inventories at May 31, 2016 4,838 Total assets at May 31, 2016 21,379 Stockholders’ equity at May 31, 2016 12,258 Instructions Determine the following measures for the fiscal years ended May 31, 2018, and May 31, 2017. Round ratios and percentages to one decimal place. H. Ratio of liabilities to stockholders’ equity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
17-8i Nike, Inc., Problem
Financial Statement Analysis
The financial statements for Nike, Inc., are presented in Appendix C at the end of the text. Use the following additional information (in millions):
|
$ 3,241 |
Inventories at May 31, 2016 |
4,838 |
Total assets at May 31, 2016 |
21,379 |
|
12,258 |
Instructions
-
Determine the following measures for the fiscal years ended May 31, 2018, and May 31, 2017. Round ratios and percentages to one decimal place.
H. Ratio of liabilities to stockholders’ equity
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