Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance
Question:
Suppose selected comparative statement data for the giant bookseller Barnes &
Noble are presented here. All balance sheet data are as of the end of the fi scal year (in millions).
2017 2016 Net sales $5,121.8 $5,286.7 Cost of goods sold 3,540.6 3,679.8 Net income 75.9 135.8 LO15 Accounts receivable 81.0 107.1 Inventory 1,203.5 1,358.2 Total assets 2,993.9 3,249.8 Total common stockholders’ equity 921.6 1,074.7 Instructions Compute the following ratios for 2017.
(a) Profi t margin.
(b) Asset turnover.
(c) Return on assets.
(d) Return on common stockholders’ equity.
(e) Gross profi t rate.
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Related Book For
Financial Accounting
ISBN: 9781118953907
8th Edition
Authors: Paul D Kimmel, Jerry J Weygandt, Donald E Kieso
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