Selected ratios follow for Nike, Inc., for the year ended December 31, 2016 (in millions) : Return on Net Operating Assets (RNOA) Profit Margin (PM) Net Operating Profit Margin (NOPM) Asset Turnover (AT) Financial Leverage (FL) 43.6% 11.6% 11.4% 1.51 1.72 What is the company's return on equity (ROE) for the year? A. 13.1% B. 32.2% C. 17.5% D. 30.1% E. None of the above
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