Financial Statement Analysis
The financial statements for Nike, Inc., are available at the Appendix B link above. The following additional information (in millions) is available:
Accounts receivable at May 31, 2008: $2,884
Inventories at May 31, 2008: 2,357
Total assets at May 31, 2008: 13,249
Stockholders' equity at May 31, 2008: 8,693
Determine the following measures for the fiscal years ended May 31, 2011 (fiscal 2010), and May 31, 2010 (fiscal 2009). Do not round interim calculations. Round the working capital amount in part (a) to the nearest dollar. Round all other final answers to one decimal place. When required, use the rounded final answers in subsequent computations.