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 booksellerBarnes & Nobleare presented here. All balance sheet data are as of the end of the fiscal year (in millions).
2022
2021
Net sales$4,750.0$5,500.6Cost of goods sold3,400.43,900.8Net income65.1150.5Accounts receivable75.1107.7Inventory1,150.01,250.0Total assets2,950.13,250.1Total common stockholders' equity900.21,130.8
Compute the following ratios for 2022.(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 enter profit margin in percentages rounded to 1 decimal place
%(b)Asset turnover enter asset turnover in times rounded to 2 decimal places
times(c)Return on assets enter return on assets in percentages rounded to 1 decimal place
%(d)Return on common stockholders' equity enter return on common stockholders' equity in percentages rounded to 1 decimal place
%(e)Gross profit rate
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