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Selected comparative statement data for the giant bookseller Tarjee Inc. are presented here. All statement of financial position data are as of the end of
Selected comparative statement data for the giant bookseller Tarjee Inc. are presented here. All statement of financial position data are as of the end of the fiscal year (in millions).
2022 | 2021 | ||||
Sales | $5,290.0 | $5,116.0 | |||
Cost of goods sold | 3,611.0 | 3,546.0 | |||
Net income | 150.9 | 147.0 | |||
Dividends paid on common shares | 32.6 | 31.3 | |||
Dividends paid on preferred shares | 15.8 | 14.0 | |||
Accounts receivable | 99.8 | 98.7 | |||
Inventory | 1,342.0 | 1,312.0 | |||
Total assets | 3,219.0 | 3,124.0 | |||
Total common shareholders equity | 1,164.0 | 1,110.0 |
Calculate the following ratios for 2022: (Round answers to 1 decimal place, e.g. 5.2% or 5.2.)
(a) | Profit margin | % | ||||
(b) | Asset turnover | times | ||||
(c) | Return on assets | % | ||||
(d) | Return on common shareholders equity | % | ||||
(e) | Gross profit margin | % |
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