of 5 Compute selected ratios. (LO 3), AP E13-10B 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 2014 2013 $5,410.8 $5,261.3 Cost of goods sold 3,770.0 3,623.0 Net income 135.8 150.5 Accounts receivable 112.2 100.5 Inventory 1,366.9 1,354.6 Total assets 3,249.8 3,196.8 Total common stockholders' equity 1,074.7 1,164.9 Instructions Compute the following ratios for 2014. (a) Profit margin. (b) Asset turnover. (c) Return on assets. (d) Return on common stockholders' equity (e) Gross profit rate