A B C D E Under Armour Asset Management (Turnover Ratios) Inventory Turnover =COGS/Inventory Payables Turnover =COGS/Accounts Payable 2018 2.80 5.90 2017 2.36 4.88 PROFITABILITY MEASURES Profit Margin= Net Income/Sales Return on Assets = Net Income/Total Assets Return on Equity = Net Income/Total Equity -0.89% -1.79% -2.30% -0.97% -2.06% -2.39% 49. Q: General $ % ) OCO Cell Styles Insert Delete Conditional Format Formatting as Table Format Sort & Filter Find & Select Check for 4 Provide a statement that demonstrates your understanding of what the ratios mean in the context of your Company