Calculate the following profitability ratios 

Return on Assets

Asset Turnover

Gross Margin

Return on Common Shareholders' Equity

Discuss the profitability of Nike vs. Under Armour based on these ratios.

PART II NIKE, Inc. Consolidated Statements of Income (in millions, except per share data) Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other expense (income), net Income before income taxes Income tax expense NET INCOME Earnings per common share: Basic Diluted Dividends declared per common share The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement. $ 69 69 69 2018 Year Ended May 31, 2017 36,397 $ 20,441 15,956 3,577 7,934 11,511 54 66 4,325 2,392 1,933 S 1.19 S 1.17 S 0.78 $ 34,350 $ 19,038 15,312 3,341 7,222 10,563 59 (196) 4,886 646 4,240 $ 2.56 $ 2.51 $ 0.70 $ 2016 32,376 17,405 14,971 3,278 7,191 10,469 19 (140) 4,623 863 3,760 2.21 2.16 0.62