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

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