NKE's asset turnover ratio (Sales/Assets) is 1.3.

Its Assets/Equity ratio (a measure of leverage) is 3.3, and its net profit margin (Net

Income/Sales) is 13%.

What is the Return on Equity (ROE = Net Income/Equity) of NKE? Choose the most accurate

one

Select an answer

a

5.1%

b

16.9%

C

33.0%

d

42.9%

E

55.8%