Question 15

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The fiscal 2016 financial statements of Nike Inc. shows net operating profit margin (NOPM) of 11.4%, net operating asset turnover (NOAT) of 3.83, return on equity of 30.1%, and adjusted return on assets of 17.1%. What is the company's nonoperating return?

Select one:

A. (13.6)%

B. 18.7%

C. (14.5)%

D. 35.4%

E. There is not enough information to calculate the ratio.