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#1 Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end
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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 $5,490.1 $5,600.7 Cost of goods sold 3,700.7 3,900.8 Net income 65.1 160.6 75.1 100.0 Accounts receivable Inventory 1,150.0 1.250.0 Total assets 2.850.0 3,250.1 Total common stockholders' equity 890.1 1.050.0 Total common stockholders' equity 890.1 1,050.0 Compute the following ratios for 2022. (Round asset tumover to 2 decimal places, eg 183 and all other answers to 1 decimal place, es 18 or 2.5%) (a) Profit margin I % (b) Asset turnover times (c) Return on assets % % (d) Return on common stockholders' equity (e) Gross profit rate % Step by Step Solution
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