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snow_tiger [21]
3 years ago
11

The fiscal 2016 financial statements of nike inc. shows net operating profit margin (nopm) of 11.4%, net operating asset turnove

r (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?
a. (13.6)%
b. 18.7%
c. (14.5)% d) 35.4% e) there is not enough information to calculate the ratio.
Business
1 answer:
kolezko [41]3 years ago
7 0
<span>E, there is not enough information without actually having the Return on Equity from which we can subtract the operating return. With only percentages, we cannot extract this answer.</span>
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