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 | $5,150.4 | $5,600.7 | ||
Cost of goods sold | 3,700.7 | 3,900.8 | ||
Net income | 65.1 | 160.6 | ||
Accounts receivable | 75.1 | 100.0 | ||
Inventory | 1,150.0 | 1,250.0 | ||
Total assets | 2,850.0 | 3,250.1 | ||
Total common stockholders equity | 890.1 | 1,050.0 |
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 | enter gross profit rate in percentages rounded to 1 decimal place | % |
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