Incorrect question dont answer Nike Retailers reports a net income of$635 million for the fiscal year endedDecember 2022. At the beginning of thatfiscal year, Nike had total assets of$10,200 million, which decreased to$9,460 million by year-end.What is Nike's Return on Assets (ROA) forthe year?

Step 1. Definition of Return on Assets (ROA)Concept of ROA. Return on Assets (ROA) is a…

Answered: Nike Retailers reports a net income of…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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Subject: financial accounting
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Nike Retailers reports a net income of $635 million for the fiscal year ended December 2022. At the beginning of that fiscal year, Nike had total assets of $10,200 million, which decreased to $9,460 million by year-end. What is Nike's Return on Assets (ROA) for the year?