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Exercise 13-10 Your answer is partially correct. Try again. Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All
Exercise 13-10 Your answer is partially correct. Try again. 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 fiscal year (in millions) Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2017 2016 $4,750 $5,501 3,901 151 108 1,150 1,250 2,950 3,250 3,400 65 75 900 1,131 Compute the following ratios for 2017, (Round asset turnover to 2 decimal places, e.g 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 (d) Return on common stockholders equity (e) Gross profit rate Click if you would like to Show Work for this question: 1.4 % times 2.2 % 6.4 % LINK TO TEXT
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