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$4,950.2$4,900.0Cost of goods sold3,300.33,700.6Net income65.1180.8Accounts receivable65.0108.8Inventory1,250.11,350.1Total assets2,850.03,250.1Total common stockholders' equity920.41,060.1
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 marginenter profit margin in percentages rounded to 1 decimal place
%(b)Asset turnoverenter asset turnover in times rounded to 2 decimal places
times(c)Return on assetsenter return on assets in percentages rounded to 1 decimal place
%(d)Return on common stockholders' equityenter return on common stockholders' equity in percentages rounded to 1 decimal place
%(e)Gross profit rateenter gross profit rate in percentages rounded to 1 decimal place
%
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