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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?

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?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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?
Transcribed Image Text: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?
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