Question
Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of
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).
2022 | 2021 | |||
---|---|---|---|---|
Net sales | $4,800.0 | $5,600.0 | ||
Cost of goods sold | 3,648.0 | 3,996.0 | ||
Net income | 86.4 | 129.0 | ||
Accounts receivable (net) | 84.0 | 112.0 | ||
Inventory | 1,300.0 | 1,246.0 | ||
Total assets | 3,290.0 | 2,710.0 | ||
Total common stockholders equity | 1,012.0 | 1,042.0 |
Compute the following ratios for 2022. (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 | enter percentages rounded to 1 decimal place | % | ||
---|---|---|---|---|---|
(b) | Asset turnover | enter a number of times rounded to 2 decimal places | times | ||
(c) | Return on assets | enter percentages rounded to 1 decimal place | % | ||
(d) | Return on common stockholders equity | enter percentages rounded to 1 decimal place | % | ||
(e) | Gross profit rate | enter percentages rounded to 1 decimal place | % |
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