Nike is the market leader and Under Armour is an up-and-coming player in the highly competitive athletic apparel market. Reported below is selected financial information from their 2011 annual financial statements ($ in millions):

Nike Corporation	2011	2010
Sales	$19,976.10	$19,427.00
Net income	1,566.70	1,963.40
Total assets	14,049.60	13,242.70

Under Armour	2011	2010
Sales	$805.20	$686.60
Net income	46.20	60.60
Total assets	567.60	470.60

11.

value: 6.92 points

Required information

Required:
1.	Calculate Nike's return on assets, profit margin, and asset turnover ratio for 2011. (Enter your answers in millions rounded to 2 decimal places.)

References

eBook & Resources

Problem BDifficulty: HardLearning Objective: 07-07 Describe the links among return on assets, profit margin, and asset turnover.

Check my work

12.

value: 6.92 points

Required information

2.	Calculate Under Armour's return on assets, profit margin, and asset turnover ratio for 2011. (Enter your answers in millions rounded to 2 decimal places.)

References

eBook & Resources

Problem BDifficulty: HardLearning Objective: 07-07 Describe the links among return on assets, profit margin, and asset turnover.

Check my work

13.

value: 6.96 points

Required information

3-a.

Which company has the higher profit margin?

	Nike
	Under Armour

3-b.

Which company has the higher asset turnover?

	Nike
	Under Armour