The financial statements for Nike, Inc., are presented in Appendix E at the end of the text. The following additional information is available (in thousands):
Accounts receivable at May 31, 2013 ……………………. $ 3,117
Inventories at May 31, 2013 ……………………………… 3,484
Total assets
at May 31, 2013 ……………………………… 17,545
Stockholders’ equity at May 31, 2013 …………………… 11,081
Instructions
1. Determine the following measures for the fiscal years ended May 31, 2015, and May 31, 2014. (Round ratios and percentages to one decimal place.)
A. Working capital
B. Current ratio
C. Quick ratio
D. Accounts receivable turnover