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	$18,476.10	$17,927.00
Net income	1,416.70	1,813.40
Total assets	12,549.60	11,742.70

Under Armour

2011

2010

Sales

$655.20

$536.60

Net income

31.20

45.60

Total assets

417.60

320.60

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.)

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.)

3-a.

Which company has the higher profit margin?

	Nike
	Under Armour

3-b.

Which company has the higher asset turnover?

	Nike
	Under Armour