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.

Question

Business

Kenyon Harrell

23 April, 18:53

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.

+2

Answers (1)

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Jessie Rosales · Answer 1

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.