Which company has the higher profit margin

Reference no: EM131521417

Question: Nike is the market leader and Under Armour is an up-and-coming player in the highly competitive athletic apparel market. Reported below is selected financial information from their 2008 annual financial statements ($ in millions):

Required: 1. Calculate Nike's return on assets, profit margin, and asset turnover ratio for 2008.

2. Calculate Under Armour's return on assets, profit margin, and asset turnover ratio for 2008.

3. Which company has the higher profit margin and which company has the higher asset turnover?

Reference no: EM131521417

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