Question: Nike's return on common equity has decreased substantially from 2 0 2 1 to 2 0 2 4 . This result CANNOT be explained by

Nike's return on common equity has decreased substantially from 2021 to 2024. This result CANNOT be explained by...
the change in Nike's operating performance from 2021 to 2024.
the change in Nike's ability to efficiently and effectively use its assets from 2021 to 2024.
Nike's increasing use of debt to finance its total assets during this period.
All of the above statements can explain the movement in Nike's return on common equity from 2021 to 2024.

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