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Exercise 14-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the
Exercise 14-10 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 2020 $5,000 3,300 75 Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2019 $5,800 3,513 134 106 1,390 3,080 1,122 75 1,225 3,170 857 Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, e.g. 1.67. Round all other answers to 1 decimal place, e.g. 1.6 or 1.6%) (a) Profit margin (b) Asset turnover times Return on assets (d) Return on common stockholders' equity Gross profit rate Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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