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Balance Sheets December 31 2025 2024 Cash $18,500 $37,000 Accounts receivable (net) 71,000 50,000 Inventory 55,000 49,000 Plant assets (net) 240,000 225,000 $384,500 $361,000
Balance Sheets December 31 2025 2024 Cash $18,500 $37,000 Accounts receivable (net) 71,000 50,000 Inventory 55,000 49,000 Plant assets (net) 240,000 225,000 $384,500 $361,000 Accounts payable $44,000 $53,000 Bonds payable (15%) 140,000 140,000 Common stock, $10 par 144,000 128,000 Retained earnings 56,500 40,000 $384,500 $361,000 Additional information for 2025: 1. Net income was $30,000. 2. Sales on account were $400,000. Sales returns and allowances amounted to $22,000. 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). 2025 2024 Net sales $4,750.0 $5,500.6 Cost of goods sold 3,300.3 3,700.6 Net income 85.3 110.1 Accounts receivable (net) 75.1 102.2 Inventory 1,150.0 1,250.0 Total assets 2,850.0 3,250.1 Total common stockholders' equity 900.2 1,120.7 Compute the following ratios for 2025. (Round asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%) a. Profit margin b. Asset turnover C. Return on assets % times % Compute the following ratios for 2025. (Round asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, e.g. or 2.5%) a. Profit margin b. Asset turnover C. Return on assets d. Return on common stockholders' equity e. Gross profit rate % times % de % de %
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