Homework Answers
1. Payout ratio = (Dividend paid / Net Income) x 100
Nike = (931 / 3273) x 100 = 28.4%
Adidas = (320 / 634) x 100 = 50.5%
2. Dividend yield = Dividend per share / Market price per
share
Nike = (1.08 / 62.50) x 100 = 1.7%
Adidas = (1.60 / 89.91) x 100 = 1.8%
Investors would likely prefer Adidas for dividend income purposes.
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Nike, Inc., Problem
Financial Statement Analysis The financial
statements for Nike, Inc., are presented in at the
end of the text. The following additional information is available
(in thousands):
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$ 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
Determine the following measures for the fiscal years ended May
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Nike, Inc., Problem
Financial Statement Analysis The financial
statements for Nike, Inc., are presented in 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
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