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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%.
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%
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