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Selected ratios follow for Nike, Inc. for the year ended December 31, 2021 (in millions). Return on net operating assets (RNOA) 45.6%; Profit Margin (PM)

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Selected ratios follow for Nike, Inc. for the year ended December 31, 2021 (in millions). Return on net operating assets (RNOA) 45.6%; Profit Margin (PM) 12.0%; Net operating profit margin (NOPM) 14.4%; Asset Turnover (AT) 1.5; and Financial leverage 3.1. What is the company's return on equity (ROE) for the year? (Hint: Use DuPont Analysis). Select one: O a. 55.8% b. 30.1% O c. 34.2% O d. 67.0%

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