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Following are financial data for Nike and Under Armour. $ millions Net income Net sales Total assets Nike Current Year 1 Year prior $ 3,760
Following are financial data for Nike and Under Armour. $ millions Net income Net sales Total assets Nike Current Year 1 Year prior $ 3,760 $ 3,273 32,376 30,601 21,396 21,597 Under Armour Current Year 1 Year prior $ 257 $ 233 4,825 3,963 3,644 2,866 1. Compute return on total assets for the current year for (a) Nike and (b) Under Armour. 2. Compute both profit margin and total asset turnover for the current year for (a) Nike and (b) Under Armour. 3. Which company more efficiently used its assets in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute return on total assets for the current year for (a) Nike and (b) Under Armour. (Do not round intermediate calculations. Round your final answers to 1 decimal place.) Return on Total Assets (ROA) (a) Nike % (b) Under Armour % Complete this question by entering your answers in the tabs below. Required 1 Requed 2 Required 3 Compute both profit margin and total asset turnover for the current year for (a) Nike and (b) Under Armour. (Do not round intermediate calculations. Round your "Profit margin" answers to 1 decimal place and "Total asset turnover" answers to 2 decimal places.) Profit Margin Total Asset Turnover % (a) Nike (b) Under Armour % Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Which company more efficiently used its assets in the current year? More efficiently used in the current year
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