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11 July, 07:37

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?

a. (13.6) %

b. 18.7%

c. (14.5) % d) 35.4% e) there is not enough information to calculate the ratio.

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  1. 11 July, 08:25
    0
    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.
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