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2022 2021 Net sales $5,350.6 $5,300.4 Cost of goods sold 3,100.1 3,100.0 Net income 65.1 120.2 Accounts receivable 65.0 104.4 Inventory 1,250.1 1,350.1 Total
2022 2021 Net sales $5,350.6 $5,300.4 Cost of goods sold 3,100.1 3,100.0 Net income 65.1 120.2 Accounts receivable 65.0 104.4 Inventory 1,250.1 1,350.1 Total assets 2,850.0 3,250.1 Total common stockholders' equity 970.9 1,100.5 Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 18 or 2.5%) (a) Profit margin (b) Asset turnover (c) Return on assets 1.2 % times % (d) Return on common stockholders' equity % Gross profit rate %
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