Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance

Question:

Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions).

2022 2021 Net sales Cost of goods sold Net income Accounts receivable Inventory $5,286.7 3,679.8 135.8 $5,121.8 3,540.6

Instructions

Compute the following ratios for 2022.

a. Profit margin.

b. Asset turnover.

c. Return on assets.

d. Return on common stockholders’ equity.

e. Gross profit rate.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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