Find the 2018 financial statements for Nike and Under Armour. For each company, navigate to the company's website then to "investors" or "investor relations" and "2018 annual report," and locate their 2018 balance sheet. discussed in Chapter 4 of your text:

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.

NIKE, Inc. Consolidated Statements of Income NIKE, Inc. Consolidated Balance Sheets Under Armour, Inc. and Subsidiaries The following table sets forth key components of our results of operations for the periods indicated, both in dollars and as a percentage of net revenues