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Selected ratios follow for Nike, Inc., for the year ended December 31, 2016 (in millions): Return on Net Operating Assets (RNOA) Profit Margin (PM) Net Operating Profit Margin (NOPM) Asset Turnover (AT)
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Selected ratios follow for Nike, Inc., for the year ended December 31, 2016 (in millions): Return on Net Operating Assets (RNOA) Profit Margin (PM) Net Operating Profit Margin (NOPM) Asset Turnover (AT) Financial Leverage (FL) 43.6% 11.6% 11.4% 1.51 1.72 What is the company's return on equity (ROE) for the year? A. 13.1% B. 32.2% C. 17.5% D. 30.1% E. None of the above

User Uzhas
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Answer: D= 30.1%

Step-by-step explanation:

ROE = PMT x AT x FL

= 11.6 x 1.51 x 1.72

= 30.1%

User Ozh
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