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Nike, Inc., a prominent sportswear and equipment company, reveals the following financial figures for the fiscal year ending May 31, 20XX: Total revenue: $40 billion
- Nike, Inc., a prominent sportswear and equipment company, reveals the following financial figures for the fiscal year ending May 31, 20XX:
- Total revenue: $40 billion
- Cost of goods sold: $20 billion
- Selling and administrative expenses: $12 billion
- Depreciation and amortization expense: $1 billion
- Earnings before interest and taxes (EBIT): $7 billion
- Interest expense: $500 million
- Income tax expense: $1.5 billion
Calculate the subsequent financial ratios for Nike, Inc.:
a) Operating profit margin b) Return on assets (ROA) c) Return on equity (ROE) d) Debt-to-equity ratio
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