Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 15 not yet answered marked out of 1.00 f

Question 15 Not yet answered Marked out of 1.00 Flag question Question text The...

80.2K

Verified Solution

Question

Accounting

Question 15

Not yet answered

Marked out of 1.00

Flag question

Question text

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?

Select one:

A. (13.6)%

B. 18.7%

C. (14.5)%

D. 35.4%

E. There is not enough information to calculate the ratio.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Phenomenology or case study? Ethnography or historical? Content analysis or grounded theory? Which research design (and why)...

Chemistry
1.2K views

For the below unbalanced equations: 1. Fe2O3 + Al → Fe + Al2O3 If at the beginning...

Accounting
1.2K views

Compare and contrast measures based on activity and measures based on strategy

Geometry
1.2K views

A square has its length and width increased by two feet and four feet respectively...

Basic Math
1.2K views

Given a mean of a normally distributed data set is 70 and the standard deviation...

Basic Math
1.2K views

15 Suppose that is an acute ang such that tan 0 3 Find sin 0...

Statistics
1.2K views

A commonly cited standard for one way length duration of school bus rides for elementary...

Accounting
1.2K views

sheffield company uses a periodic system reports the following for the month of June. ...

Accounting
1.2K views

1A here & above 1B 2b On January 4,...

Accounting
1.2K views

Crane Limited purchased equipment on February 1,2024, at a cost of $222,880. As the CFO...

Accounting
1.2K views

Cambridge Physicians Sports Medicine, Inc., offers two types of physical exams for students: the basic...

Accounting
1.2K views

Estimate what the proper balance of the allowance for doubtful accounts should be as of...