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Question 15
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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.
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