Question
Suppose selected comparative statement data for the giant bookseller Barnes & Noble are as follows. All balance sheet data are as of the end of
Suppose selected comparative statement data for the giant bookseller Barnes & Noble are as follows. All balance sheet data are as of the end of the fiscal year (in millions).
2022 | 2021 | |||
---|---|---|---|---|
Net sales | $4,950.2 | $5,700.8 | ||
Cost of goods sold | 3,500.5 | 3,800.7 | ||
Net income | 75.2 | 170.7 | ||
Accounts receivable | 65.0 | 103.3 | ||
Inventory | 1,150.0 | 1,350.1 | ||
Total assets | 2,950.1 | 3,250.1 | ||
Total common stockholders equity | 970.9 | 1,140.9 |
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%)
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 in percentages rounded to 1 decimal place
%
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