Nike is the market leader and Under Armour is an up-and-coming player in the highly competitive athletic apparel market. The companies reported the following selected financial data ($ in millions):

Required:
1. Calculate Nike’s return on assets, profit margin, and asset turnover ratio.
2. Calculate Under Armour’s return on assets, profit margin, and asset turnover ratio.
3. Which company has the higher profit margin and which company has the higher asset turnover?

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Under Armour $1,835 Nike Net sales Net income Total assets, beginning Total assets, ending $24,128 2,223 14,998 15,465 129 919 1,157